MARKETS: YEAR-TO-DATE June 6, 2022

 

MARKETS: YEAR-TO-DATE

Nasdaq 12,012.73 -23.22%

S&P 4,108.54 -13.80%

Dow 32,899.70 -9.46%

10-Year 2.940% +142.6 bps

Bitcoin $29,980.65 -35.26%

Ark Innovation $43.16 -54.37%

*Stock data as of market close, cryptocurrency data as of 7:00pm ET. Here's what these numbers mean.

Markets: Last week, stocks hit the brakes on a post-Memorial Day rally. But one bright spot is investor Cathie Wood’s closely watched ARK Innovation fund, which is composed of a bunch of high-growth tech stocks. It’s up 17% since hitting rock bottom on May 11, compared to the S&P’s 4.4% gain over the same period. Economy: US Commerce Secretary Gina Raimondo said on CNN yesterday the US might consider lifting tariffs on some goods in a bid to curb inflation. More than $300 billion worth of imports from China still have tariffs dating back to former President Trump’s trade war.