World Market News of the 4 June with FXOpen #oilprices #sp500 #ftse100 #stockmarket #brent #wti

☑️ THE STOCK MARKET TOOK A NARROW ROAD TO RECORD HIGHS LAST MONTH The broadening of the stock market rally fell by the wayside as the index reached record levels last month. Just six large tech stocks contributed to more than 75% of the S&P 500’s gain in May, a move reminiscent of how the “Magnificent Seven“ tech stocks drove the market rally in 2023. Rises in Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Nvidia (NVDA) shares helped the S&P 500 (^GSPC) to its best May since 2003. Source: Yahoo Finance ☑️ OIL FALLS UP TO 1% ON WORRIES OF SUPPLY RISING LATER IN 2024 Oil prices eased as much as 1% in Asian trade on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply ticking up later in the year amid signs of weakening U.S. demand. Brent crude futures fell 73 cents, or %, to $ a barrel at 0638 GMT. Brent closed below $80 for the first