Thursday, June 10, Market Recap

Good Evening,

Today, June 10…

The DJIA rose 0.06%

The S&P 500 was up 0.47%

The Nasdaq Composite added 0.78%

Healthcare led the market today.

General Market Review

Financials

The consumer price index grew 0.6% last month. Treasury yields fell as investors now fear that the Fed might not tighten its policy.

Tech

As rates fell, mega cap tech was higher. Amazon.com is expecting employees to work at least 3 days of the week at the office, opening the option to work remotely for part of the week. Amazon.com stock rose 2.09% today.

Healthcare

Bristol-Myers Squibb added 3.07% after reporting positive results from their phase 3 trial of its immunotherapy cancer drug, Breyanzi.

Charts by TradingView