Corporate Highlights / Key Events

Some corporate highlights:

Reddit favorite AMC Entertainment Holdings Inc. hit a record $13 billion in market value.

Boeing Co. climbed as Airbus SE’s ambitious output goal spurred optimism for a recovery in global aviation.

Nvidia Corp. gave a bullish estimate on demand for chips used in gaming PCs, data centers and cryptocurrency mining.

The Russell 2000 has lost ground to the Nasdaq 100 this quarter, but it has valuation on its side. The forward price-earnings spread between the small-cap and tech-heavy gauges has narrowed to below the five-year average. And while the Russell 2000 value/growth ratio has ebbed in the latter half of May, the relative strength of value suggests that small-cap stocks can continue to be big beneficiaries of the reopening recovery.

These are some of the main moves in markets:

Stocks

The S&P 500 rose 0.1% as of 4 p.m. New York time

The Nasdaq 100 fell 0.3%

The Dow Jones Industrial Average rose 0.4%

The Russell 2000 Index rose 1.1%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro was little changed at $1.2198

The British pound rose 0.6% to $1.4203

The Japanese yen fell 0.6% to 109.79 per dollar

Bonds

The yield on 10-year Treasuries rose three basis points to 1.60%

Germany’s 10-year yield advanced three basis points to -0.17%

Britain’s 10-year yield advanced six basis points to 0.81%

Commodities

West Texas Intermediate crude rose 0.9% to $67 a barrel

Gold futures fell 0.2% to $1,901 an ounce