Wall St edges up ahead of key economic data, AMC soars

CNBC2021-06-03

Stocks rose slightly on Wednesday with the S&P 500 hovering near an all-time high.The benchmark gained 0.14% to 4,208.12 on Wednesday, sitting about 0.7% from its record hit in May. The Dow Jones ...

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精彩评论

JoelLee
2021-06-03
JoelLee
Please like and comment! Thanks!
Wallstrtbets
2021-06-03
Wallstrtbets
Noted.
am_newbie
2021-06-03
am_newbie
AMC to the moon! 🚀
JonathanT
2021-06-03
JonathanT
Ok
- Hynne:
  coment
IBS002
2021-06-03
IBS002
Ok
- JonathanT:
  Ok
leanzw
2021-06-03
leanzw
Please comment and like
- JonathanT:
  Ok

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The broadEnergy Select Sector SPDR ETFrose 1.8%.Those equity moves came asWest Texas Intermediate oil futuresrose 1.57% to $71.35 a barrel, pushing even higher after the contracts settled at their highest level since 2018 on Tuesday.AMC shares, popular among retail investors and often subject to trading mania, soared 95% and was briefly halted for volatility. The meme stockwas up 22% on Tuesdayafter raising $230.5 million through a stock sale.Some key tech stocks were lower, weighing on the market.Zoom Videoshares fell about 0.2% despite the company reportingblowout earningson Tuesday. Sales grew 191% in the first quarter. Tesla and Microsoft also closed lower.Markets may be on hold before the big jobs report on Friday. The U.S. likely added 671,000 nonfarm payrolls in May, up from 266,000 jobs added in the previous month, according to economists polled by Dow Jones.Inflation fears, and the ways in which the Federal Reserve might respond, have weighed on sentiment recently, although the major averages are still hovering around all-time highs.\"Inflation expectations have also increased beyond what may be achievable in the near term. Inflation is on the upswing in our view and will eventually surpass the Fed's targets on a sustainable basis,\" Morgan Stanley chief U.S. equity strategist Mike Wilson told clients. \"However, expectations have increased too and now price this rise in many asset markets.\"June is historically a weak month for stocks, but Instinet points out that the S&P 500 has had a better track record recently, gaining every June since 2016.On Tuesday, the Dow gained 46 points, after rising more than 300 points at one point. 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