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Review of the Week of June 2–6, 2025: Financial Leaders
- The week of June 2–6, 2025, saw strength in U.S. equities, with the S&P 500 and Nasdaq Composite posting gains despite initial trade concerns.
- Tech sector performance driven by companies like Nvidia and Microsoft, with notable movements in Meta Platforms, Spotify, Tesla, and Circle.
- Currency markets experienced volatility, reacting to ECB policy and U.S. data releases, with the euro and pound responding accordingly.
- Gold remained stable amidst U.S.-China tariff uncertainties, while Bitcoin consolidated following a historic May rally.
- The May NFP report, showing 139,000 new jobs, boosted optimism about the U.S. economy by the end of the week.
- Upcoming market focus on U.S.-China trade developments, corporate earnings, central bank decisions, and economic indicators for global economic health.
- SPY's positive momentum indicators suggest a potential upward move, with historical data showing favorable odds for a rise.
- Bullish trends indicated by SPY's three-day advance, Aroon Indicator uptrend, and potential continued price growth.
- Bearish signals from SPY's RSI moving out of overbought territory, Stochastic Oscillator, and MACD turning negative may suggest a downward trend.
- Notable companies in focus include NVIDIA Corp, Microsoft Corp, Apple, Amazon.com, Meta Platforms, and others within the S&P 500.
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