The Dow’s gains on Friday were short-lived, resulting in a lackluster start to June. Manufacturing DataThe Dow fell 115 points, but the session low was down more than 400 points, while the S&P 500 was searching for direction throughout the day. The Nasdaq was down 100 points. Chip Leader Nvidia (NVDA) further expands into the artificial intelligence (AI) space.
Read on for more details on today’s market.
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- Jeep CEO Antonio Filosa said: High expectations Towards future sales of electric vehicles (EVs).CNBC)
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There were no notable revenues.
Oil prices fall as OPEC+ meets
Following a highly anticipated meeting of the Organization of the Petroleum Exporting Countries (OPEC+), in which the group agreed to a plan to extend supply cuts through 2025 and then gradually reduce them thereafter, July West Intermediate (WTI) crude oil fell $2.77, or 3.6%, to $74.22 per barrel on the day.
Gold futures rose in Monday trading as confirmation of an impending rate cut pushed the US dollar and Treasury yields lower. The June contract rose about 1% to close at $2,368.60.
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