Market Brief – Tuesday 6/2/21

Stocks were mostly flat in overnight trading but investors were eager to buy which sent stocks higher in early trading. Treasury yields fell slightly in overnight trading and were lower in early trading.

Mortgage applications fell -4.0% last week as purchase applications fell -3.1% and refinance applications fell -4.6%.

Stocks closed slightly higher on the day and Treasury yields closed lower on the day but were unable to hold their intra-day lows.