SPY News: New jobs report report kicks off new month of trading: What to know this week - 2nd Jun 2024, 10:00pm

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Stocks stumbled to end an otherwise positive month of May as investors appeared to press pause on AI enthusiasm and the prospect of the Federal Reserve holding interest rates higher for longer remained top of mind.

Over the past five trading sessions, the Nasdaq Composite (^IXIC) was near flat, and the S&P 500 (^GSPC) rose less than 0.2%. The Dow Jones Industrial Average (^DJI) was down nearly 1%.

In the week ahead, updates on the labor market will be front and center to start a fresh month of...

>>> Read more: New jobs report report kicks off new month of trading: What to know this week
 
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