Finance & Investing

Travel Demand and Consumerism | June 8 | Eagle Nest

Tuesday, June 8, Market Recap

Good Evening,

Today, June 8…

The DJIA fell 0.09%

The S&P 500 was up 0.02%

The Nasdaq Composite added 0.31%

Energy led the market today.

General Market Review

Tech

Due to expectations of the consumer inflation report showing strong demand, yields fell. Even though yields were lower, big tech fell. Tesla had an increase in deliveries for May, but the stock was down 0.25%.

Industrials

Boeing added 0.04% today after Southwest Airlines reported they are increasing their order of 737 jets due to improved travel demand. Southwest jumped 1.06%.

Energy

For last week, US crude inventories fell 2.1 million barrels, compared to the previous week which had a 5.36-million-barrel draw. Diamondback Energy gained 2.81%.

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