Stocks Mixed As Historically Bullish Month Begins


Following Wall Street’s strong June showing, we’re now entering a historically bullish month for the market. The Dow Jones Industrial Average (DJI) is modestly lower midday, the S&P 500 Index (SPX) is flat, and the Nasdaq Composite (IXIC) stands higher with help from several tech stocks. Nvidia (NVDA) is excluded from this, however, moving lower at last glace.Meanwhile, bond yields are lower after this morning’s economic data. The ISM manufacturing index fell to 48.5% in June from May’s 48.7%, remaining below the 50% level that marks contraction territory, while construction spending fell 0.1% in May. MMC July1
Options bulls are blasting airplane equipment manufacturer Spirit AeroSystems Holdings Inc (NYSE: SPR), after news that Boeing (BA) is buying the company for $4.7 billion in an all-stock deal. So far, 17,000 calls have exchanged hands — seven times the intraday average call volume — compared to 1,322 puts. The July 35 and 34 calls are the most popular, while new positions are opening at the January 2026 37-strike call. At last glance, SPR was up 3.4% at $34.00, adding to a 16.1% year-over-year lead.China-based electrical stock Hollysys Automation Technologies Ltd (Nasdaq: HOLI) is up 17.3% at $25.38 at last glance, after news that Ascendent Partners received the country’s approval to buy the company for $1.7 billion. In the last 12 months, HOLI is up 44.9%. GameStop Corp (NYSE:GME) is down 9.1% at $22.43 at last glance, amid the latest buzz surrounding Keith Gill, also known as his Reddit alias ‘Roaring Kitty.’ Gill was sued over alleged GameStop “pump and dump” allegations, and announced stake in Chewy (CHWY). Year to date, GME is up 31.8%. GME June1More By This Author:Stocks Win In June; Nasdaq, S&P 500 Gain In Q2
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