June was set for a positive start on Wall Street. Dow futures led the way Tuesday, with an over 200-point or about a 0.7% gain. The Dow Jones Industrial Average and S&P 500 broke two-week losing streaks with weekly gains around 1%. The Nasdaq jumped 2% last week for its first two-week winning streak since mid-April. The Nasdaq, however, bucked May’s up-trend, dropping 1.5% and ending a six-month winning streak. Investors already have Friday’s May employment report in their sights, as well as the upcoming meeting of Federal Reserve policymakers on June 15-16.
Bitcoin — off 44% from April’s all-time high near $65,000 — traded above $36,000 on Tuesday. The world’s biggest digital currency was revisiting levels not seen since February. Bitcoin crashed last month, plunging more tan 30% on May 19 to around $30,000. However, at Tuesday’s levels, it was still up about 24% in 2021 and up 275% in the past 12 months.
