MarketBeat Stock Market Preview 6/5/23

Summer rally or summer sideways?

In this video, Don Miller from MarketBeat discusses the recent market movements and is joined by Thomas Hughes to analyze the market's turning point. They highlight that while the market moved higher last week, it still faces resistance below the 4,300 level. With limited catalysts and the upcoming FOMC meeting, the market may consolidate and move sideways. They also discuss the Federal Reserve's predicament regarding raising rates and the bipolar nature of economic data, which contributes to market uncertainty. Additionally, they mention upcoming earnings reports from J.M. Smucker Company, Campbell Soup Company, and FuelCell Energy.

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Stocks mentioned:

https://www.marketbeat.com/stocks/NAS...
https://www.marketbeat.com/stocks/NYS...
https://www.marketbeat.com/stocks/NYS...

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