The Dow Jones Industrial Average was up 71.30 points, or 0.21%, to 33,786.01, the S&P 500 was up 17.23 points, or 0.40%, to 4,346.05, and the Nasdaq Composite was up 84.63 points, or 0.63%, to 13,420.40.

Today’s main U.S. market news-

1. Wall Street goes up because of good economic news and a rebound in the big companies.
2. Before the U.S. stocks report, oil prices go down.
3. US orders for core capital goods beat estimates, and shipments go up by a small amount.
4. ow futures move higher as economic data and Lordstown are highlighted
5. What’s influencing markets are Chinese economic growth, Putin, Lordstown, and central bankers.
6. ECB representatives congregate in Portugal
7. China will move quickly toward a greener economy and increase demand, according to Premier Li
8.  Lordstown Motors filing for bankruptcy and suing Foxconn
9. Premier Li Qiang predicted Tuesday that China’s economic growth will rise in the second quarter and approach 5% annually.
10. Russian President Vladimir Putin asserted his power by saying he allowed the Wagner mercenaries’ mutiny to continue to restrict violence.
11. Lordstown Motors (NASDAQ:RIDE),filed for bankruptcy on Tuesday and sued Foxconn for failure to spend $170 million.
12.  KKR will buy Circor out of the public eye in a deal worth $1.7 billion.
13. Ford will cut jobs in the US and Canada to save money.
14. Factbox: Wall Street banks anticipate a rate increase by the Fed in July
15. Oil prices drop before of data on American stocks
16. US bankruptcy court will evaluate J&J’s $8.9 billion talc deal.
17. Strong demand and decreased fuel prices are expected to help Delta’s profitability projection.
18. American Equity takeover by Brookfield is imminent; shares rise
19. Wall Street falls as investors eye Russia, Fed increases, quarter-end
20. US to invest $42 billion to universalize internet access by 2030.
21. Natural gas prices reach all-time highs in March and are getting close to $3.
22. Robinhood will eliminate a few full-time positions as trading demand declines.
23. Jim Crown, a board member for JPMorgan and General Dynamics, dies in an accident
24. The Supreme Court rejects Apple-Broadcom’s Caltech patent challenge.
25. Oil markets ignore Russian political turbulence.
26. Boeing May rollouts miss BofA
27. Carnival expects lesser loss on robust cruise demand, higher price 

GLOBAL NEWS 

1. India’s markets were up at the close of trading, with the Nifty 50 up 0.68%.
2. S&P/ASX 200 was up 0.56 percent at market close, lifting Australian stocks.
3. At the closing of trading, Japanese stocks fell; the Nikkei 225 fell by 0.49%.
4. ECB comments boost the euro as the dollar rises to its highest level in 7 months against the yen.
5. European markets are lagging behind as the China stimulus wanes.
6. Bitcoin rises on BlackRock buzz in the cryptocurrency space
7. For the Foxconn China project, an indictment describes a scheme to steal Samsung secrets.
8. ECB’s Lagarde’s hardline words lowered European shares.
9. Pakistan expects IMF bailout decision within two days.
10. Gulf dominates OPEC+ oil quota reform.
11. ECB’s Enria wants euro zone banks out of Russia faster.
12. After lowering sales volume target, Aston Martin shares fall.
13. UBS CEO to announce next management changes soon.
14. Shop price inflation slows in June – BRC
15. BHP doesn’t require subsidies for Australia’s essential mining industry.
16. Germany’s minimum wage will increase by more than 3%, but unions want more.
17. Amedisys rejects Option Care contract in favor of UnitedHealth’s $3.3 billion offer.

Economic Data

Global Economic data

• In addition, the Biden administration executive order that would control and potentially stop certain US investments in China is virtually finished and could be implemented as early as late July, according to Bloomberg. US Treasury Secretary Janet Yellen has plans to visit Beijing in early July for high-level economic talks.

Economic Calendar

• ·     7:45 AM ET                  ICSC Weekly Retail Sales
• ·     8:30 AM ET                  Durable Goods Orders M/M for May
• ·     8:30 AM ET                  Durable Goods Ex: Transports M/M for May
• ·     8:55 AM ET                  Johnson/Redbook Weekly Sales
• ·     9:00 AM ET                  Monthly Home Price Index M/M for April
• ·     9:00 AM ET                  CaseShiller 20-city Index for April
• ·     10:00 AM ET                Consumer Confidence for June
• ·     10:00 AM ET                New Home Sales M/M for May
• ·     10:00 AM ET                Richmond Fed index for June
• ·     10:30 AM ET                Dallas Fed Services for June
• ·     1:00 PM ET                   US Treasury to sell $43B in 5-year notes.
• ·     4:30 PM ET                   API Weekly Inventory Data

Other Key Events:

·     DA Davidson Retail Bus Tour, 6/27, in Boston, MA

·     Goldman Sachs Berlin Disruptive Technology Symposium, 6/27-6/28, in Berlin

·     Truist Securities Healthcare Disruptors & Digital Health Summit, 6/27

Must read book about investing – check here