Dow Jones Today

2022 - 6 - 6

Post cover — Image courtesy of "Investor's Business Daily"

Dow Jones Futures: Stock Market Rises As Treasury Yields Jump; 7 ... (Investor's Business Daily)

Dow Jones futures were lower after Monday's stock market action. The 10-year Treasury yield jumped back above 3%.

Among Dow Jones stocks, Apple shares gained 0.5% Monday. The stock is still far below its long-term 200-day line. IBD Leaderboard stock Albemarle is about 6% away from a cup-with-handle's buy point at 273.78, according to IBD MarketSmith chart analysis. Dow Jones leader and energy giant Chevron is trading just above a flat base's 174.86 buy point, according to IBD MarketSmith chart analysis, following Monday's 0.4% loss. The stock closed more than 20% off its 52-week high. Crucially, both indexes avoided another distribution day due to lower volume on both the Nasdaq and the New York Stock Exchange." Amid the ongoing stock market rally, Dow Jones leaders Chevron ( CVX) and Merck ( MRK) are among seven top stocks to buy and watch. Remember that trading in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session. IBD offers a broad range of growth stock lists, such as Leaderboard and SwingTrader. Use each purchase as feedback on the current strength of the market rally. If the stock market uptrend is real, there will be plenty of time to buy stocks and make money. Dow Jones futures were lower after Monday's stock market gains. Vertex was featured in this week's Stocks Near A Buy Zone column.

Stock Market Today - 6/6: Dow Ends Slightly Higher as Treasury ... (TheStreet)

U.S. stocks were mixed in late Monday trading, while the dollar gained against its global peers, as investors headed into a week bereft of earnings and ...

In order to remain in office, Johnson needs the support of at least 50% of Conservative lawmakers, plus one, setting a threshold of 180 votes. Japan's Nikkei 225 closed 0.56% higher, paced by the energy sector, at 27,985.89 points. ISM data also noted a faster-than-forecast pace for manufacturing activity last month. In the U.S., benchmark 10-year Treasury notes yields lurched higher, to 3.04%, while the dollar index, which tracks the greenback against a basket of its global peers, was marked 0.25% higher at 102.40 points. In the U.S., however, broader economic growth continues to surprise to the upside even in the face of the fastest inflation in forty years, with last week's May jobs report showing a small moderation in monthly wage gains amid a bigger-than-expected 390,000 increase in headline employment. Stocks ended slightly higher Monday, while the dollar gained against its global peers, as investors headed into a week bereft of earnings and economic data focused firmly on inflation prospects in the world's biggest economy.

Stock Market Today (6/6/22): Stocks Nudge Higher as Treasury ... (Kiplinger's Personal Finance)

An afternoon rally helped the major indexes snap their short skid. But Twitter accepting Elon Musk's bid stole the spotlight.

Read on as we take a closer look at 15 companies the billionaire class bought in the first quarter of 2022. - A lawyer for Tesla (TSLA, +1.6%) CEO Elon Musk sent a letter to Twitter ( TWTR, -1.5%) accusing the social media platform of refusing Musk's data requests. While some of the names featured here are familiar blue chips, others maintain a much lower profile. Wan points to the Conference Board's leading economic indicators index, which measures the health of the U.S. economy via the labor market, credit market, stock market and new orders in manufacturing. "While there may be little excitement in the U.S. market, China's recent attempts to reassure support to domestic firms may have a positive impact on global bourses this week," says Kunal Sawhney, CEO of Australian research firm Kalkine Group. "Major technology stocks worldwide were trading higher on Monday after Beijing said it is concluding its DiDi Global probe. Meanwhile, the Dow Jones Industrial Average – which was up 1% at its session peak – eked out a 0.05% gain to end at 32,915. - Several solar stocks rallied today after the Biden administration said it would suspend tariffs on solar panel products from four countries – Cambodia, Malaysia, Thailand and Vietnam – for 24 months. The letter said Musk, who is a prospective buyer of Twitter, believes the company "is actively resisting and thwarting his information rights (and the company's corresponding obligations) under the merger agreement" to provide him with data regarding its active user base. The index is currently declining at a rapid pace, the strategist notes, signaling an "increased probability of a recession." "Recessions are a normal part of an economic cycle," writes Michelle Wan, investment strategy analyst at WFII. "Even though it is difficult to predict the timing and magnitude of one, there are signals cautioning investors so they can prepare portfolios ahead of a recession." "This stems back to last month when Musk said he was placing the deal on hold to seek greater clarification on the status of bots and fake accounts," says CFRA Research analyst Angelo Zino (Hold). "We continue to believe that Elon is playing hard ball, which makes complete sense (pending offer at $54.20 per share), to gain leverage/options to either reduce his offer price or indeed completely walk away if he gets cold feet (Musk did rush in and failed to do due diligence). Ultimately, we are finding it increasingly difficult to envision a scenario where this doesn't get settled in the courts." But the major benchmarks began easing back from their earlier gains by midday amid a spiking 10-year Treasury yield – which jumped 8.9 basis points (a basis point is one-one hundredth of a percentage point) to 3.044%, its highest level since December 2018.

Dow, S&P 500 and Nasdaq eke out gains Monday as bond yields ... (MarketWatch)

Major stock indexes finished with modest gains on Monday as Treasury yields marched higher ahead of an update on inflation due Friday. The Dow Jones...

5 things to know before the stock market opens Tuesday (CNBC)

U.S. stock futures dropped Tuesday, with elevated bond yields and a Target profit warning playing spoilers.

The Lummis-Gillibrand bill, the product of months of Capitol Hill collaboration, amounts to classifying the vast majority of digital assets as commodities. Forty-year high inflation has pushed the national average for a gallon of gas to another record, just 8 cents shy of $5, according to AAA. The Responsible Financial Innovation Act would empower the Commodity Futures Trading Commission to regulate most existing digital assets. Target warned Tuesday that earnings will take a short-term hit as the retailer marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Kohl's shares surged nearly 10% in Tuesday's premarket, the morning after the department store chain said it entered into exclusive sale negotiations with the retail holding behind The Vitamin Shoppe and Pet Supplies Plus. Franchise Group is proposing to buy Kohl's for $60 per share, a more than 40% premium to Monday's close. - Yellen to kick off two days of Capitol Hill testimony on inflation

Stocks Rebound as Tech Rises, Dollar Pares Gain: Markets Wrap (Bloomberg)

US stocks turned higher as 10-year Treasury yields held below 3%. The dollar erased gains.

Stock Market Today – Tuesday, June 7: What You Need to Know (TipRanks)

Stock futures are reacting to the sentiments of worried investors in the U.S. who have lost sleep overnight due to major monetary news in Australia.

The CPI will give investors a better look at the situation of inflation and whether the interest rate hike in May has had any effect on it. These changes could be beneficial for small investors in the coming months. This may be a sign that inflation has peaked, as these price reductions are a deflationary event. Stocks are seeing a weak start to Tuesday’s session, with major indices in the red after 45 minutes of trading. Key inflation data for May — the consumer price index (CPI) —is still three days away from releasing. The decline is being led by the consumer discretionary sector ( XLY), which was yesterday’s top-performing sector.