U.S. stocks were slightly higher Monday, as the markets attempted to rebound from a discouraging finish to the month of May.
Stocks were down for six of the last eight trading sessions in May, culminating in Friday’s 115-point loss on the Dow. Now June begins, a discouraging sign for investors who know that June has been a poor month for stocks over recent history.
Today, the markets looked to new data, including national factory activity (up slightly from April) and the Atlanta Fed’s GDPNow forecast (unchanged.) Meanwhile, data from China will hopefully help to determine whether further stimulus measures will be necessary in Asia’s largest economy.
Later this week, labor market reports will take center stage, as a Fed-obsessed market continues to look for clues regarding timing of interest rate hikes.
Here are the final numbers from Wall Street on Monday:
Dow Jones Industrial Average: 18,040.37 (+29.69)
NASDAQ: 5,082.93 (+12.90)
S&P 500: 2,111.73 (+4.34)