Stock Market Today – 6/6: Stocks Gain On ‘Goldilocks’ Bet As Fed Eyes Inflation After Solid Jobs Report

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The Street

By Martin Baccardax Solid jobs and manufacturing data are prompting bets on a so-called ‘Goldilocks’ outcome for U.S. stocks as the Fed looks to tame inflation without choking-off growth. U.S. equity futures moved higher Monday, while the dollar eased modestly against its global peers, as investors headed into a week bereft of earnings and economic data focused firm on inflation prospects in the world’s biggest economy. Surging crude, alongside ongoing supply-chain disruptions and higher food prices, continues to add upward pressure to global inflation readings, with G-7 average now sitting at…

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