Morgans AM: Monday, 3 June 2024

US equity markets advanced to cap another strong month - Dow rallied +575-points or +1.51%. Salesforce Inc rebounded +7.54% after slumping almost 20% a day earlier after the cloud client relationship management software group provided weaker-than-expected fiscal second quarter and full year guidance. Consumer brands that have been struggling with sticky inflation and under pressure consumers also traded strongly, with McDonald’s Corp up +2.71%, Home Depot Inc +1.73% and Coca-Cola Co +1.55%.