Broker Check

Market commentary 6/3/24

June 05, 2024

Major markets closed the Memorial Holiday-shortened week with losses across all five indices. However, the S&P 500 posted a strong monthly gain of 4.8%, the second-best this year. Large Cap and Growth segments suffered most, yet remained top performers in style boxes. Energy led sector gains, spurred by ConocoPhillips' acquisition of Marathon Oil. The Fed's Beige Book painted a cautious economic outlook, sparking market declines before a modest recovery.

2024-06-03 Market Commentary Cleap-Leap Wealth Management from Leap Wealth on Vimeo.