June 1, 2021

June 1, 2021

U.S. stocks closed pretty much flat today with weakness in technology stocks offset gains made in energy, materials and financials.

 

Dow Jones finished +47 at 34,575

S&P 500 finished -2 at 4,202

NASDAQ finished -12 at 13,736

 

The 10 Year Treasury closed up 2 basis points yielding 1.61%

Oil prices closed up $1.62 ending at $67.94 a barrel.

Gold prices closed down $2.60 ending at $1,902 an ounce.

 

In the days’ stock news:

 

  • AMC closed up 22% after they revealed in a securities filing that it sold more than 8 million shares to an investment firm. The stock gained 116% last week on high volume fueled by retail traders.
  • Cinemark closed up more than 7% after movie ticket sales over Memorial Day weekend reached their best performance since the start of the pandemic. North American cinemas raked in nearly $100 million over the holiday weekend.

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