5 things to know before the stock market opens Wednesday, June 9

Here are the most important news, trends and analysis that investors need to start their trading day:

1. S&P 500 finishes about 5 points away from May record close

A trader at the New York Stock Exchange, June 4, 2021.

Source: NYSE

2. New meme stock Clover Health is set to soar again

Clover Health featured at the Nasdaq

Source: Nasdaq

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Nick Colas on June S&P 500 projections

It was a bumpy May for stocks.

The S&P 500 eked out a gain of nearly 1% for the month, though sell-offs in high tech and growth names made for a volatile stretch.

Nick Colas, co-founder of DataTrek Research, says it all comes down to earnings.

“The funny thing about this year is that we’ve seen more earnings revisions than we’ve seen stock price performance,” Colas told CNBC’s “ETF Edge” on Monday. “We’ve seen 12% upside to earnings expectations this year … It’s going to come down to Q2 and Q3 earnings.”

Analysts surveyed by FactSet currently expect second-quarter S&P

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A big jobs report looms in the week ahead, as markets enter the often-weak month of June

A trader works on the floor of the New York Stock Exchange.


May’s employment report is the big event in the week ahead, as stocks enter the often weak month of June. Stocks are finishing May with a mixed performance. Big cap indexes like the S&P 500 and Dow notched gains. The S&P rose a half percent, and the Dow rose 1.9%. The small cap Russell 2000 was flat, up 0.1%, and the tech-heavy Nasdaq declined 1.5%.

June is not historically a strong month for stocks. Bespoke Investment Group points out that over the past 50 years, the Dow

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The market will collapse ‘by the end of June’? Really?

Well, the 401(k) “Death Watch,” is underway.

“A huge collapse is coming,” warns longtime market prognosticator Harry Dent. He adds, “This thing will be hell,” it could be “the biggest crash ever,” and the start of “the next big economic downturn.”

When? By the end of June, if not sooner, it seems.

That’s less than 10 weeks away. Oh, well.

Dent’s forecast seems to have struck some kind of chord. For about a week or longer, the article was the most popular article at ThinkAdvisor.com. But although he may be unique in setting a deadline, he’s not the only

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