Stocks have moved mostly higher over the course of the trading day on Monday, recovering from an early move to the downside. The turnaround by the markets extends a recent trend of traders buying on early dips, often leading to a higher close.
Gold stocks have shown a strong move to the upside on the day, recovering from the sell-off that was seen last week. The NYSE Arca Gold Bugs Index has advanced by 2 percent, bouncing off its worst closing level in well over four years.
The rebound by gold stocks comes despite a continued decrease by the price of the precious metal, with gold for June delivery slipping $1.40 to $1,363.30 an ounce.
Considerable strength has also emerged among natural gas stocks, which are moving higher along with the price of natural gas. With natural gas for June delivery climbing $0.079 to $4.134 per million BTUs, the NYSE Arca Natural Gas Index is up by 1.7 percent.
Electronic storage, oil, and banking stocks are also seeing some strength on the day, while most of the other major sectors are showing only modest moves.
The major averages have seen some further upside in recent trading, reaching new highs for the session. The Dow is up 25.17 points or 0.2 percent at 15,379.57, the Nasdaq is up 8.43 points or 0.2 percent at 3,507.40 and the S&P 500 is up 3.93 points or 0.2 percent at 1,671.40.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.