June 4, 2021
Good evening everyone! Welcome to a new episode of “Stocks Today”, explaining what forces moved the stocks in the U.S. equity market today (Friday, June 4, 2021).
All main indexes closed positive today, with the S&P 500 closing up 0.88%, the Dow Jones up 0.52% and the Nasdaq up 1.47%
Why did the stock market move today?
Most stocks from the tech sector finished the day higher today, seeing a recovery from the yesterday’s downs. With analysts still fighting between a continuing rotation and a jump back in growth stocks, the needle was moved by the yield on the 10-year Treasury that closed as low as 1.554% in bonds’ sale today.
Stock of the day
In its way to become the new leading “hodl” momentum stock, shares in AMC fell 6.68% today closing the second red day in a row. The share price is now around $ 48, which still represents a 400% increase in just two weeks.
That’s all for this Friday’s stock market update. Stay tuned to receive your daily update!