The big event this morning was the jobs report. Because the May jobs data will be a key factor in determining the path of Fed policy in the coming months. - Here's what is happening in the markets today, Friday, June 4th.
Show Notes
The big event this morning was the jobs report. Because the May jobs data will be a key factor in determining the path of Fed policy in the coming months,
Here's what is happening in the markets today, Friday, June 4th.
Yesterday, the major indices closed lower as tech shares declined because of fear of rising interest rates. The Dow closed 23 points lower after dropping as much as 265 points. The S&P 500 fell nearly 0.4%. The NASADQ was the underperformer, dipping more than 1% as Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google (GOOG) dropped.
Meme stocks like AMC, BB, GME, and BBBY had a wild day yesterday.
AMC CEO makes a case on YouTube interview to sell an additional 25 Million shares.
Tesla’s (TSLA) CEO Elon Musk is moving markets again: He tweeted a breakup Meme and Bitcoin falls 8%.
Positive Earnings:
DocuSign (DOCU) shares rallied 6.8% in premarket trading after the company beat Wall Street forecasts for profit and revenue, and DocuSign gave an upbeat outlook as more companies adopt its electronic signature technology.
Five Below (FIVE) jumped 5.7% in the premarket after first-quarter profit and revenue comfortably exceeded Street forecasts. Comparable-store sales surged 162% compared to the same quarter a year ago.
This wraps up today's stock market news.
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