Slighted market sectors get their time to shine The market showed resilience as AI and tech stocks recovered from early pressure, with money shifting to healthcare, financial, and communication services sectors. Costco reported strong comparable sales growth in May, benefiting from consumer savings strategies. Investors are now anticipating the upcoming government employment report for May.

• Markets rallied after initial pressure on AI and tech stocks, which rebounded from post-earnings pullbacks.
• Healthcare, financial, and communication services sectors saw strong sessions, boosting the Dow Jones Industrial Average.
• Costco reported an 8.7% increase in U.S. comparable sales for May, driven by a 3.7% growth in traffic.
• Consumers are flocking to Costco to save on gas prices, increasing store visits and bolstering sales.
• Upcoming events include earnings reports from Lululemon and DocuSign, and the government’s May employment report.
• The economy is expected to have added 105,000 jobs in May, with the unemployment rate unchanged at 4.3%.