Stock Market Update
02-Jun-25 14:30 ET
S&P 500 gains as Micron, Boeing, and Best Buy lead; Amentum sinks on Federal contract worries
Dow -62.27
at 42207.80,
Nasdaq +105.77
at 19219.52,
S&P +12.92
at 5924.61
[BRIEFING.COM] The S&P 500 (+0.22%) is in second place on Monday afternoon as the broader market rallied a bit over the last half hour.
Briefly, S&P 500 constituents Micron (MU 98.42, +3.96, +4.19%), Boeing (BA 212.10, +4.78, +2.31%), and Best Buy (BBY 67.84, +1.56, +2.35%) dot the top of the standings. MU shines after reports suggested bullish May memory pricing data, Boeing caught a BofA Securities upgrade to Buy this morning, while Telsey analysts commented that recent BBBY store visit in Paramus, NJ, showed solid execution with strong inventory levels, improved in-stock conditions, and healthy foot traffic.
Meanwhile, Amentum Holdings (AMTM 19.27, -1.39, -6.73%) is today's top decliner as reports suggested that the government was aiming to slash more federal contracts.
