Wall Street used the momentum from April and May's gains to start June on a higher note, with investors betting on the success of economic reopening to carry the market higher. Yet, there is unrest and tensions that may stand in the way of a speedy financial recovery. Last week, protests in cities across the United States have left many business with a more unstable start than they had from coronavirus related shutdowns. Corporations like Amazon
With the protests being another black swan event adding to the financial strains of the coronavirus pandemic and increased U.S-China tensions, recent market optimism may be under threat in June.
Here's how the market settled to start the trading week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, travel stocks--American Airlines
In Stock Sector News, every sector expect Health Care, which fell -1.01%, increased during Monday's session. The performance gains were as follows: Real Estate +2.10%, Energy +1.68%, Financials +1.16%, Utilities +1.07%, Consumer Discretionary +0.80%, Communication Services +0.80%, Consumer Staples +0.62%, Materials +0.55%, Industrials +0.20% and Information Technology +0.02%.
In Commodity and Currency News, July futures for West Texas Intermediate
As the market moves into Tuesday, investors will be focusing on the tensions within the United States as well as between U.S and China. In additions, Zoom Video