Stock Market Today: Dow Nabs Win in Choppy Start to June

It was a choppy session for the broader indexes, but oil made a beeline higher on OPEC+ news.

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(Image credit: Getty Images)

The major indexes opened comfortably higher on the first trading day of June, but the latest factory data took some wind out of the bulls' sails in intraday action.

"The Institute for Supply Management's manufacturing purchasing managers index rose 0.5 point, to 61.2, in May, reflecting a strengthening of new orders," says Jonathan Millar, deputy chief U.S. economist at Barclays Investment Bank. "Even so, May's report shows a widespread effect from supply bottlenecks, as manufacturers struggle to boost production to keep pace with orders."

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.