Adding to the narrative of optimism about a reopening economy, oil prices have been moving higher as traders expect major producers to agree on extended production cuts. Wall Street’s relative calm about the protests perhaps is indicative that investors and traders are thinking they won’t lead to long-term economic damage. The Dow Jones U.S. Property & Casualty Insurance Index ($DJUSIP) was up 0.49% on the day—the Financials sector in general did pretty well as Treasury yields ticked higher. “Should the S&P 500 experience an above-average tumble this month, investors could point to valuations as the catalyst for the correction,” CFRA said. The month is also tied with August as having the second lowest frequency of rising on the month, CFRA said.

Source: Forbes June 02, 2020 13:59 UTC