Market Today: Dow Surpasses 40,000 Points; Reddit Partners with OpenAI

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Invest before this company becomes a household name

What if you had the opportunity to invest in the biggest electronics products before they launched into big box retail, would you?

Ring changed doorbells and Nest changed thermostats. Early investors in these companies earned massive returns, but the opportunity to invest was limited to a select, wealthy few. Not anymore. RYSE has just launched in 100+ Best Buy stores, and you're in luck — you can still invest at only $1.50/share before their name becomes known nationwide.

They have patented the only mass market shade automation device, and their exclusive deal with Best Buy resembles that which led Ring and Nest to their billion-dollar buyouts.

Learn how you can become a shareholder.

Market Overview

Today, major indices initially surged to new records before closing with slight losses. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all showed early gains but ended the day lower due to a late pullback influenced by a need for a market cooldown and a slight rise in market rates. The 10-year note yield increased to 4.38% and the 2-year note to 4.79%. Market breadth was mixed ending more negatively with decliners outpacing advancers by a margin of 11-to-10 on both the NYSE and Nasdaq.

Sector Performance

The majority of the S&P 500 sectors saw declines, with none dropping more than 0.8%. The consumer discretionary sector led the losses, falling by 0.8%, followed by the materials sector, which dropped by 0.7%. In contrast, the consumer staples sector was the sole gainer, rising by 1.5%, buoyed by a significant increase in Walmart's (WMT) shares, which surged 7.0% following strong earning results and positive future outlook. Meanwhile, Cisco (CSCO) experienced a 2.7% decline after its earnings failed to impress investors.

Economic Data Insights

Recent economic reports show mixed signals:

• Jobless claims decreased to 222,000, indicating ongoing economic strength as they remain below levels typically associated with a slowdown.

• Housing starts rose by 5.7% but did not meet expectations, and building permits fell by 3.0%, reflecting challenges in the housing market due to high rates and prices.

• Import prices rose by 0.9%, suggesting persistent inflationary pressures above the Federal Reserve's target.

• The Philadelphia Fed Index indicated a slowdown in manufacturing growth in May, aligning with a broader slowdown narrative.

• Industrial production remained unchanged, with capacity utilization slightly below the long-term average, highlighting a dip in manufacturing output.

Global Markets and Commodities

In international markets, European indices mostly fell with the DAX down 0.8% and the CAC decreasing by 0.6%, while Asian markets saw gains with the Nikkei up 1.4%. Commodity prices varied, with crude oil increasing, natural gas slightly up, but gold and copper experiencing declines.