June 7, 2021

June 7, 2021

Stocks closed mixed today as investors weighed the prospects of higher inflation and rates in the U.S. against Friday’s solid print on the U.S. labor market recovery.

 

Dow Jones finished -126 at 34,630

S&P 500 finished -3 at 4,226

NASDAQ finished +67 at 13,881

 

The 10 Year Treasury closed up 1 basis point yielding 1.57%

Oil prices closed down $0.41 ending at $69.21 a barrel.

Gold prices closed up $10.80 ending at $1,903 an ounce.

 

In the days’ stock news:

 

  • Cruise stocks closed up today after Carnival confirmed plans for a July restart. The voyages will only be open to passengers who are fully vaccinated.  Shares of Carnival gained 1%.
  • Meme stocks — Other meme stocks also rose today, mirroring AMC’s rally. BlackBerry gained 13%, Bed Bath & Beyond added more than 7%, and GameStop jumped 12%.

 

 

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