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Today's market
June 7, 2024 at 6:30 p.m. EDT
Michael P. Reinking, CFA
Sr. Market Strategist
Last week ended with a nearly 2% intraday reversal in the S&P 500 with half of that coming in the final 30 minutes of trade, seemingly driven by month-end and MSCI Quarterly index rebalance flows. That late day rally left most major indices around unchanged levels masking what was otherwise not a great week. That being said, the month of May was very strong with the S&P 500 up nearly 5% reversing all of the April losses. As we’re really at the very tail end of earnings season, market focus squarely shifted to economic data this week, though the AI optimism continued.
WEEKLY RECAP
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The NYSE welcomed Dr. Jill Biden, First Lady of the United States, as the keynote speaker of our annual Women’s Health Summit. Her remarks encouraged private and public sectors to invest in research and development of women’s health solutions.
Watch Now
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