S&P 500, Nasdaq Slip Despite Fresh Records

Schaeffers
2024.06.06 20:27
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Stocks struggled for direction most of the day, with the Nasdaq snapping its three-day win streak but hitting a fresh record peak. The S&P 500 also reached a record high but closed in the red, while the Dow secured a third-straight win. Jobless claims rose to a four-week high and the European Central Bank made its first rate cut since 2019. Investors are now awaiting nonfarm payrolls data. Oil and gold prices rose ahead of the data release.