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SP500: Intraday Analysis & Short Term Forecast

The S&P 500 rose 0.4% and the Nasdaq added 0.8% while the Dow Jones traded around the flatline to kick off the June month, following strong gains in May.

Traders continue to gauge the outlook for the Fed’s first rate cut while bracing for key economic data due this week including the jobs report, JOLTS and ISM PMIs.

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