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2021-06-03

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

Stocks rose slightly on Wednesday with the S&P 500 hovering near an all-time high.The benchmark gain

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

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The Dow Jones ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/01/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall St edges up ahead of key economic data, AMC soars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St edges up ahead of key economic data, AMC soars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 07:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/01/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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. 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The technology-heavy Nasdaq Composite rose 0.14% to 13,756.33.All three indexes are fairly close to record levels. The Dow and Nasdaq are 1.4% and 3.2% below their respective records.Energy stocks again outperformed the broader market on Wednesday as crude prices continued their recent rebound. Investors have snapped up shares of some of the nation’s largest oil and gas companies in recent sessions as optimism about the economic rebound in the U.S. fosters demand for crude, airfare and other travel-related assets.Occidental Petroleumadded nearly 2.7% andMarathon Oilrose 0.9%. 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. The S&P broke a 3-day win streak to close down just 2 points, after shooting to within 4 points of its all-time high of 4,238. 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