Widman’s Market Update, June 1, 2022

Market Barometer

US stocks closed lower today as investors grew more concerned that the latest economic data would not push the Federal Reserve back from its aggressive interest rate hiking cycle aimed at halting runaway inflation. In New York, the Dow Jones dropped 176.89 to 32,813.23, the S&P 500 lost 30.92 to 4,101.23, while the Nasdaq Composite…

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