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U.S. Stocks Lack Direction As Trade Weigh AI Optimism Against Oil Price Spike

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Following the relatively lackluster performance seen during last Friday's session, stocks have continued to show a lack of direction over the course of the trading day on Monday. The major averages have spent the day bouncing back and forth across the unchanged line.

Currently, the major averages are turning in a mixed performance. While the Dow is down 74.59 points or 0.2 percent at 50,957.87, the S&P 500 is up 11.12 points or 0.2 percent at 7,591.18 and the Nasdaq is up 100.90 points or 0.4 percent at 27,073.52.

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Market Analysis

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

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.

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