The Dow lost 126 points on Monday
| 6/07/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Extends Losses as Nasdaq Bounces Back | By: Lillian Currens | The Dow and S&P 500 continued to churn just below their respective record highs today, with the former extending its midday losses to clock a 126-point drop. The Nasdaq was able to claw its way out of the red, however, settling with a modest win, as many Big-Tech names strengthened. This mostly muted trading action comes ahead of this Thursday's Consumer Price Index (CPI) reading, which could sway future Federal Reserve inflation decisions. Meanwhile, a growing number of "meme" stocks remain squarely in the lime light, staging wild swings while the broader market remains relatively quiet. Continue reading for more on today's market, including: - What bulls are expecting for CLOV, following today's Reddit-fueled rally.
- Morgan Stanley has little hope for this insurance stock, post-pandemic.
- Plus, Visa stock gets an upgrade; Reddit traders target RMED; and USCR gets a boost on buyout buzz.
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