Market Coverage – Thursday June 9 Yahoo Finance

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U.S. stock futures gave up early gains following data on the labor market that disappointed on Thursday morning.

Weekly filings for unemployment insurance totaled 229,000 last week, the most since January, and a sign of potential stress building in the labor market.

Just after this report’s release at 8:30 a.m. ET, all three major indexes were pointing to losses at the open, with S&P and Dow futures off just less than 0.1% while Nasdaq futures were down over 0.2%.

Ahead of this data, all three major indexes were pointing to gains north of 0.4% at the open.

Oil prices were little-changed at $122 per barrel, and the U.S. 10-year Treasury yield stood at 3.06%, north of the 3% level the 10-year breached earlier this week for the first time since early May.

A report indicating the highly-anticipated initial public offering of Jack Ma’s Ant Group is on the horizon appeared to buoy sentiment in morning trade. According to Bloomberg News, China is expected to allow the Alibaba (BABA) affiliate to proceed with the listing in a sign that regulators may be dialing on a tech crackdown that halted the IPO two years ago.

Elsewhere in futures markets, shares of Tesla (TSLA) were up more than 3% before the open following an upgrade from UBS to Buy in a report that also said the electric vehicle giant is “best positioned to become one of the top-3 global car makers by 2030.”

Moves in early trading Thursday come after a down day on Wall Street that saw stocks resume losses after back-to-back sessions of gains. On Wednesday, the S&P 500 shed 1% while the Dow and Nasdaq fell roughly 0.8% and 0.7%, respectively.

Investors continue to look for clues on how the economy is faring amid tighter financial conditions and how aggressive the Federal Reserve rate hiking cycle may get before a potential pause.

The latest weekly jobless claims report follows strong May employment data last Friday that likely signaled to policymakers current labor market conditions can withstand further monetary tightening. Central bank officials have taken cues from the labor market on the tempo of rate increases as it fights inflation, with policy aimed to cool labor demand just enough not to push the jobless rate too high.

“Looking ahead, the Fed is most likely to feel reassured that it has struck the right balance lately,” DWS U.S. Economist Christian Scherrmann said. “That, in turn, means it is likely to stick to its aggressive monetary normalization path,” he added, also indicating that such a roust labor market gives “plenty of headroom” to raise interest rates.

Investors are bracing for the Bureau of Labor Statistics’ latest Consumer Price Index (CPI) on Friday – a focal point on the economic data from this week. May’s reading is projected to show inflation slightly abated in May from April’s elevated 8.3% rate, with consensus economists looking for headline inflation to rise at a 8.2% annual rate for May, and by 5.9% excluding food and energy prices.

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The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

The free one-day festival featuring today's visionary thought leaders will take place online on June 9, 2023

The Global Healing Festival by Embodied Black Girl returns for its fourth annual festival on June 9, 2023. The festival is the first of its kind and nourishes the healing and liberation of Black women and women of color while enlivening culture change and making wellness, somatics and mental health more accessible to the communities that need it most. 

Every year the free grassroots virtual festival attracts thousands of participants around the world, primarily through word of mouth.  

Curated by the global wellness and leadership education platform, Embodied Black Girl, the day-long online, interactive and immersive festival experience, includes in-depth workshops and thought-provoking conversations with today's leading visionary cultural shapers.

This year's theme, The Future is Embodied: The Rest-volution, is an invitation to enter the dream space and leave grind culture behind. In spite of the grim statistics and policies that impact Black women in particular, we root for a vision of joy, hope and self-determination.

In keeping this festival free through the years, our hope is to make wellness, somatics and mental health more accessible to Black women and folks of color and, in turn, create a world where we are seen, held and empowered. In this space, rest is life and our bodies transform into revolutionary portals and oracles for liberation. 

The festival will be hosted by Embodied Black Girl founder Thérèse Cator, who'll be joined by honored guests: 

  • Tricia Hersey, founder of The Nap Ministry and NYT Bestselling Author of Rest is Resistance 
  • Dr. Jennifer Mullan, founder of Decolonizing Therapy and author of the forthcoming book Decolonizing Therapy: Oppression, Historical Trauma and Politicizing Your Practice (W. W. Norton & Company)
  • Tigidankay "TK" Saccoh, founder of The Darkest Hue, a digital platform that centers the experiences and perspectives of dark-skinned Black girls, women, and femmes 
  • Natalee Facey, Resilience Coach and Birth Doula 

The festival will explore questions like…

  • How does rest support our individual and collective liberation?
  • How can we move beyond a cognitive understanding of rest to an embodied knowing of rest?
  • How can we foster deeper embodiment while having difficult and necessary conversations within our family and communities?
  • What dreams are we here to birth and nurture that will support personal and communal thriving?

For more information and to register to attend, please visit

Contact Information:
EBG Press

Original Source: The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

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