FMP
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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