Daily Report 07.06.2022
Објавено: 07. 06. 2022

Nasdaq rises slightly to start week, shaking off jump in bond yields; European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12% 
Stocks moved slightly higher on Monday as Wall Street tried to rebound from a losing week and navigated a jump in Treasury yields. 
The tech-heavy Nasdaq Composite rose 0.40%, and the S&P 500 gained 0.31%. The Dow Jones Industrial Average perked up 16.08 points, or less than 0.1%. The Dow was up more than 300 points earlier in the session, but the market gave up some of its gains as the day progressed and the 10-year Treasury yield pushed above 3%. 
Investor sentiment got a boost after Beijing rolled back some Covid-related restrictions. Meanwhile, The Wall Street Journal reported that Chinese regulators are wrapping up their investigations into ride-hailing giant Didi — potentially signaling that the country’s crackdown on its tech sector may be coming to an end. 
The China news appeared to boost casino stocks, with shares of Wynn Resorts gaining nearly 2.5%. Solar stocks ticked higher after the Biden administration moved to suspend tariffs on solar panel products from four countries, with Enphase Energy rising more than 5%. 
Elsewhere, shares of Amazon rose nearly 2% following a 20-for-1 stock split. Amgen and Salesforce each dropped more than 1%, weighing on the Dow. 


The pan-European Stoxx 600 provisionally ended up 1%, with mining stocks climbing 2.7% to lead gains as most sectors and major bourses closed in positive territory. 
Just Eat Takeaway shares jumped around 12% after The Times on Sunday reported that Grubhub co-founder Matt Maloney could buy back the U.S. subsidiary. 
Source: CNBC, Investing.com