Market Recap – June 1st 💰

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Market Recap – June 1st

Stock futures rose as investors looked ahead to the May jobs report, with Dow Jones Industrial Average futures gaining 102 points (0.31%), S&P 500 futures up 0.28%, and Nasdaq-100 futures rising 0.29%.

Lululemon’s stock surged 12% after the athletic apparel retailer exceeded expectations for its fiscal first-quarter earnings and raised its full-year guidance, reporting a 24% increase in sales compared to the previous year. Meanwhile, shares of MongoDB soared 19% as the data developer platform provided strong guidance, with projected second-quarter revenue ranging from $388 million to $392 million, surpassing analysts’ forecasts. MongoDB also beat expectations on both revenue and earnings in its most recent quarterly report.

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