MARKETS: Why stocks can rally into earnings season—and what can go wrong

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Yahoo Finance's Seana Smith and Jared Blikre break down the latest market action after the May Personal Income and Outlays report showed core PCE price inflation at 2.0%, right where Jerome Powell wants it. Just don't forget that's a symmetrical target. Here's the performance of select trending stocks as of 10:30 am ET: HMNY(HB,F) Helios and Matheson Analytics 20.08% NKE Nike Inc Cl B 12.61% WFC Wells Fargo 4.74% AKER(HB,H,0) Akers Biosciences Inc 4.23% JNUG(HB) DX Jr Gold Miners Bull 3x 3.52% CELG Celgene Corp 3.60% AAOI(HB,0) Applied Optoelectronice Inc 2.67% AMAT Applied Materials 2.57% OLED(3) Universal Display Corp 2.35% PBR Petroleo Brasileiro S.A. ADS 2.24% DB(HB) Deutsche Bank Ag Ord 2.20% CHK Chesapeake Energy Corp 1.93% ROKU Roku Inc Cl A 1.84% C Citigrp Inc 1.57% BIDU(HB) Baidu Inc 1.50% XOM Exxon Mobil 1.46% BA Boeing Co 1.43% HPQ HP Inc 1.28% SBUX Starbucks Corp 1.25% AKS AK Steel Hldg 1.16% CVX Chevron Corporation 1.12% NOK Nokia Corp ADS 1.05% MDGL Madrigal Pharma Inc 1.07% QCOM Qualcomm Inc 1.05% X U.S. Steel Corporation 0.98% INTC Intel Corp 0.92% GOOGL Alphabet Inc Cl A 0.91% CRM salesforce.com Inc 0.88% GOOG Alphabet Inc Cl C Cap Stock 0.88% ABBV AbbVie Inc 0.88% MSFT Microsoft Corp 0.85% VRX Valeant Pharma Intl Inc 0.81% CSCO Cisco Systems 0.84% BP(HB) BP P.L.C. ADS 0.77% BRK.B(HB) Berkshire Hathaway'B' 0.74% BAC Bank of America Corporation 0.72% GILD Gilead Sciences 0.72% TEVA Teva Pharm Indus ADR 0.69% SNAP(HB) Snap Inc 0.63% JD JD.com Inc 0.70% SPY SPDR S&P 500 ETF 0.66% QQQ Invesco QQQ Trust Series 1 0.64% PYPL PayPal Hldgs Inc 0.59% JPM JPMorgan Chase & Co 0.58% KO Coca-Cola Co 0.51% SQ Square Inc 0.50% COST Costco Wholesale Corp 0.48% DIS Disney (Walt) Co 0.50% V Visa Inc 0.44% JNJ Johnson & Johnson 0.32% IBM Intl Business Machines Corp 0.31% IQ(HB) IQIYI Inc ADS 0.25% CRSP(HB) CRISPR Therapeutics AG 0.15% AVGO Broadcom Inc 0.13% PG Procter & Gamble Cc 0.06% T(HB) AT&T Inc 0.05% PFE Pfizer Inc 0.00% WMT Wal-Mart Stores -0.03% KMI Kinder Morgan Inc -0.06% SIRI(HB) Sirius XM Hldgs Inc -0.07% GS Goldman Sachs Grp -0.13% BOX(0) Box, Inc -0.16% AMD Advanced Micro Devices Inc -0.16% F Ford Motor -0.31% NXPI NXP Semiconductors N.V. -0.34% DKS Dick's Sporting Goods -0.33% MU Micron Tech -0.53% NVDA(HB) Nvidia Corp -0.47% GERN(HB) Geron Corp -0.14% JCP(HB) Penney (J.C.) -0.63% TSLA Tesla Inc -0.83% GM General Motors Co -1.02% GE General Electric Co -1.23% MOMO Momo Inc ADS -1.46% VZ Verizon Communications -1.44% TWTR Twitter Inc -1.54% BABA Alibaba Group Holding Ltd -1.86% TXMD(HB) TherapeuticsMD Inc -2.55% VKTX(HB) Viking Therapeutics Inc -2.56% CGC(HB) Canopy Growth -3.85% VXX iPath S&P 500 VIX Short-Term -4.08% UVXY(HB) ProShs Ultra VIX Short-Term -6.15% TVIX(HB) VS 2X VIX Short Term -8.18% TRXC(HB) TransEnterix Inc -9.76% BRK-B Berkshire Hathaway BRK-A Warren Buffett 0005.HK ACB.TO YM=F CADUSD=X GC=F BBD-B.TO ^RUT

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