Mixed open expected today

Key Points

• 1

  May private payrolls came in stronger than expected.

• 2

  Iran nuclear headlines keep geopolitical risk in view.

• 3

  Macy's raised its outlook after stronger first-quarter growth.

• 4

  Mortgage demand fell despite slightly lower mortgage rates.

Sector Performance

• UtilitiesElectric, water, and gas utility companiesExtreme fear supports defensive demand.
  +1.86%
• TechnologyGrowth companies like semiconductors & softwareJobs data may shape rate expectations.↗Source
  +1.25%
• MaterialsSteel, chemicals, and raw materialsJobs data may support cyclical shares.↗Source
  +1.18%
• EnergyOil and gas companiesIran news may affect oil risk.↗Source
  +1.15%
• IndustrialsAirlines, machinery, and defense companiesJob growth supports economic expectations.↗Source
  +1.04%
• Real EstateReal estate investment trusts (REITs)Falling mortgage demand is a headwind.↗Source
  +0.51%
• FinancialsBanks, insurance, and brokerage firmsJobs data matters for rate expectations.↗Source
  +0.06%
• Consumer StaplesFood, household goods — everyday essentialsFearful sentiment keeps defensive shares relevant.
  -0.24%
• Consumer DiscretionaryCars, retail — things people want but don't needMacy's outlook lift supports retail focus.↗Source
  -0.51%
• Health CareHospitals, pharma, and medical devicesEli Lilly deal comments are in focus.↗Source
  -0.97%
• Communication ServicesTelecom, media, and internet companiesWeak prior close, with no direct catalyst.
  -1.76%

Today's open is expected to be mixed.