The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: U.S. stocks extended their gains Thursday, buoyed by supportive commentary from global central banks that helped shore up investor confidence earlier this week.
The Dow Jones Industrial Average climbed 181 points, or 0.71%, to 25720, heading for its third straight day of gains. The S&P 500 rose 0.61%, and the tech-heavy Nasdaq Composite added 0.53%. All three major indexes are up at least 2% this week, and the blue-chip Dow is on pace to snap a six-week losing streak.
The yield on the German 10-year bund fell to minus 0.241%, an all-time low, according to Refinitiv, based on data going back to 1990. European bank stocks also fell. The Stoxx Europe 600 Banks index slid 1%, helping drag down the broader Stoxx 600 index by 0.2%.
In the U.S., investors are looking ahead to Friday’s monthly jobs report for further insight into whether trade tensions and slowing global growth could slow hiring. Economists expect that employers added 180,000 jobs in May and the unemployment rate held steady at 3.6%.
he U.S. and Mexico were set to enter the second day of negotiations on Thursday that could avert tariffs. President Trump’s spat with Mexico is likely to mean an immediate spike in car prices, according to some economists. Autos are one of the biggest exports into the U.S. from its southern neighbor. That, in turn, would hurt demand.
Meanwhile, energy stocks in the S&P 500 were among the biggest gainers Thursday, adding 1.6%. Shares of Dow components Exxon Mobil and Chevron gained 1.7% and 2.4%, respectively.
U.S. oil prices had dropped more than 22% below their April peak in recent days as growth concerns and a rise in U.S. production led to a big rise in U.S. crude inventories. However, banks have maintained their forecasts for higher prices this year. U.S. oil prices rose 1.8% Thursday to settle at $52.59 a barrel, while Brent crude, the global benchmark, added 1.7% at $61.67.
The U.S. 10-year Treasury yield rose to 2.128% Thursday from 2.119% Wednesday, according to Tradeweb.
In Thursday’s action, shares of Cloudera , an enterprise information-technology provider, tumbled 41% to about $5 a share after reporting disappointing guidance and the departure of its chief executive on Wednesday.
Stitch Fix surged 15% after the personal-fashion company exceeded quarterly revenue targets, posting 8% growth in sales per active client from a year earlier.
In Asia, shares in Shanghai were down 1.2%, while those in Tokyo were flat.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-06-06/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-market-poised-to-extend-rally-to-a-third-day-with-us-tariff-talks-ecb-in-focus-2019-06-06/printWSJ:
https://www.wsj.com/articles/europe-stocks-wall-street-futures-inch-up-11559808096Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-05/asia-stocks-to-start-mixed-u-s-futures-slip-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/stocks-today-reverse-higher-but-this-index-lags-noticeably/CNBC:
https://www.cnbc.com/2019/06/06/stock-market-wall-streets-rally-is-set-to-slow.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/wall-street-subdued-as-rate-cut-bets-temper-trade-tensions-idUKKCN1T71DAU.K:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-up-on-stimulus-hopes-despite-ecb-snub-idUKKCN1T70PUEurope:
https://www.reuters.com/article/europe-stocks/european-shares-rise-on-hopes-of-ecb-action-idUSL4N23D1P3Asia:
https://www.marketwatch.com/story/asian-markets-mixed-as-traders-weigh-trade-tensions-vs-hopes-of-fed-rate-cut-2019-06-05/printBonds:
https://www.cnbc.com/2019/06/06/treasury-yields-edge-lower-as-wall-street-rally-fades.htmlCurrencies:
https://www.cnbc.com/2019/06/06/mexican-peso-drops-amid-fragile-trade-talks-and-a-hit-from-ratings-agencies.htmlOil:
https://www.cnbc.com/2019/06/06/oil-market-us-crude-stockpiles-opec-supply-cuts-in-focus.htmlGold:
https://www.cnbc.com/2019/06/06/gold-market-dollar-moves-us-mexico-tensions-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
