U.S. Markets Cautious After Volatile Session, GameStop Jumps in After-Hours Trading

Jun 5, 2024 6:50 AM - Parth Sanghvi

Image credit: Maxim Hopman

Market jitters: U.S. stock futures edged lower on Tuesday following a volatile Monday session. Investors are cautious ahead of key economic data releases.

Dow futures: Down 0.2%
S&P 500 futures: Down 0.3%
Nasdaq 100 futures: Down 0.4%

Monday Recap: Wall Street saw mixed results on Monday, marked by a technical glitch that caused wild swings in some stocks.

Dow Jones: Down 0.3%
S&P 500: Up 0.1%
Nasdaq Composite: Up 0.6%

Sector Watch: Tech stocks rallied late Monday, while energy stocks faltered.

Economic Concerns: Recent manufacturing data suggests a slowdown in economic growth, potentially impacting the Federal Reserve's interest rate decisions.

Treasury Yields: Touched two-week lows on weakening economic data.
Fed Rate Cuts: Increased bets on potential Fed rate cuts in September.

GameStop Soars in After-Hours: Shares of GameStop (GME) rose in after-hours trading, seemingly extending the rally triggered by the return of a popular influencer to social media.

Looking Ahead: Key job openings data will be released soon, providing further insights into the U.S. labor market's health.

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