What the Dow Jones Industrial Average Did Today - 6/5/15

For June 5, 2015, here's how the Dow Jones Industrial Average (DJIA), S&P 500, and Nasdaq did today, the top stock market news, and stocks to watch based on today's market moves...

What Did the Dow Jones Industrial Average (DJIA) Do Today?

Dow: 17,849.46, -56.12, -0.31%

S&P 500: 2,092.83, -3.01, -0.14%

Nasdaq: 5,068.46, +9.33, +0.18%

The DJIA today fell more than 56 points after the Bureau of Labor Statistics offered a rosy jobs report that has fueled increased speculation of a pending interest-rate hike by the Federal Reserve.

The S&P 500 Volatility Index (VIX), the market's fear gauge, slipped 3.4% on the day.

Top Stock Market News Today

• Stock Market News: The Department of Labor announced this morning that the May unemployment rate hit 5.5%, with the U.S. economy adding 280,000 jobs. That's a strong performance compared to the 225,000 expected by economists. The figure will likely lead to significant speculation on whether the Federal Reserve will hike rates in 2015. Traders anticipate the Federal Reserve will begin hiking rates as soon as October with a second increase in early 2016.

• Winning Sectors: Only the energy and financial sectors were in the black this afternoon. Shares of JPMorgan Chase & Co. (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) offered the strongest upside for the S&P 500 today. Shares of energy multinationals Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM) were flat despite an uptick in oil prices. Profit Opportunity: The Four Best Energy Stocks to Buy Now

• Oil Jumps: Oil prices rose as the Organization of the Petroleum Exporting Countries (OPEC) delegates met in Vienna, Austria to discuss oil production targets for member nations. The governing body made a surprising statement today, commenting that $100-per-barrel oil is a "thing of the past." The nations did not cut production targets and said they will maintain the current production ceiling of 30 million barrels a day. WTI crudefutures for July ticked up 0.4% this morning to hit $58.24 per barrel. Brent oil was up 0.6% to hit $62.40 per barrel. Here's everything you need to know about today's OPEC meeting.

• On Tap Next Week: On Monday, markets will continue to digest the possibility of a rate hike and this morning's jobs report. The Labor Market Condition Index, an unofficial report frequently cited by Fed Chair Janet Yellen, headlines a light economic calendar. Companies reporting earnings Monday include Vail Resorts Inc. (NYSE: MTN), Walter Energy Inc. (NYSE: WLT), H&R Block Inc. (NYSE: HRB), and Dave & Buster's Entertainment Inc. (Nasdaq: PLAY).

Stocks to Watch: ONVO, AAPL, WMT, DTEA

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• Stocks to Watch No. 1, ONVO: Shares of Organovo Holdings Inc. (NYSE: ONVO) gained more than 2.4% on the day, continuing strong momentum from the end of March. As we showed investors today at Money Morning, ONVO is one of the top biotech stocks to buy in 2015, and there is significantly more room for this company to run in the months ahead. But ONVO isn't the only company that's rated a Buy. Profit Opportunity: After this week's annual meeting of the American Society of Clinical Oncology (ASCO), there are several other biotech companies that offer steep upside for savvy investors. Continue to that list here.

• Stocks to Watch No. 2, AAPL: Shares of Apple Inc. (Nasdaq: AAPL) retreated 0.5% as investors anticipate a busy week of company news on the horizon. The tech giant will host its annual Worldwide Developers Conference (WWDC) in San Francisco on Monday. Among the many announcements expected, the firm will likely release a new tool kit that allows developers to create application for its new Apple Watch. Get all our recent AAPL stock coverage here.

• Stocks to Watch No. 3, WMT: Shares of Wal-Mart Stores Inc. (NYSE: WMT) were down 1.5% today after the company announced at its annual shareholder meeting that its chairman Rob Walton, the son of founder Sam Walton, has stepped down as the chairman of the board. Walton has ceded control of the company to his son-in-law Greg Penner. Penner previously worked as CFO of the firm's Japanese operations. Penner is also an alumnus of banking giant Goldman Sachs Group Inc. (NYSE: GS). Profit Opportunity: Today our Chief Investment Strategist Keith Fitz-Gerald gave investors the only two retail stocks he would ever recommend...

• Stocks to Watch No. 4, DTEA: Shares of Canadian tea retailer David's Tea (Nasdaq: DTEA) surged 42% on its first day of trading. The tea company opened trading above its $19 per share price that it set during its IPO. The firm said that it plans to open 25 to 30 stores in Canada and 10 to 15 shops in the United States in 2015 as it expands its North American presence. Profit Opportunity: Here's the single best way to profit from this year's record-high IPO activity...

How to Make Money in the Market Today

Don't miss these tips:

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