Day Traders Diary

6/3/25

The major averages are 2 for 2 in June thanks to a strong rally in the tech sector. The Dow Jones Industrial Average gained 247 points, or 0.6%. The S&P 500 ticked higher 34 points or 0.58%. The Nasdaq Composite rose 156 points or 0.81%.

Nvidia, along with other chip stocks, helped drive today’s advances. The dominant maker of artificial intelligence chips advanced more than 3%, extending Monday’s gain and passing Microsoft in market cap for the first time since January. Meanwhile, others like Broadcom and Micron Technology rose more than 2% and more than 4%, respectively.

Interest rates were lower as the Organization for Economic Co-operation and Development cutting its U.S. growth outlook to 1.6% in 2025, down from 2.2%. The 10-year Treasury yield fell a basis point to 4.45%. The 30-year Treasury yield dipped less than 2 basis points to 4.976%.
A number of retailers were higher on earnings including Dollar General and Signet Jeweler. Ollie Bargain Outlet down 2% on earnings. Energy had a second consecutive up day on the weak dollar and geopolitical tensions. Gold was lower while bitcoin rose 1.69% to over $106,000.

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