U.S. Markets close in 26 mins

Yellen throws cold water on rate hike path

Stocks grind higher here as fears ease on a Brexit, and Fed Chair Janet Yellen urges caution on the rate hike path. Catch The Final Round with Jen Rogers and columnist Rick Newman.

Trump campaign cycling $6M into Trump companies

The AP finds Donald Trump's campaign has funneled in around $6 million into Trump-owned companies - everything from Trump Water to Trump wine, when usually most rich politicians separate their businesses from campaigns.

Winners and losers

Stocks missing out on today's rally include used car retailer Carmax following an earnings and revenue miss, health club chain Planet Fitness on the filing of a big secondary offering, and Viacom - the embattled media conglomerate slipping as Sumner Redstone's lawyers filed a motion to dismiss a lawsuit claiming Redstone wasn't mentally competent when he removed CEO Philippe Dauman and board member George Adams from his trust.

Stocks in the green today include homebuilder Lennar following an earnings and revenue beat, chipmaker Cirrus Logic on a Canaccord Genuity upgrade and price target raise, and United Continental - shares of the airline soaring as it said it expects an extra $3.1 billion in operating income by 2018 due to cost cutting and new initiatives to decrease delays.

Could sports be a bright spot for Uniqlo?

Popularity of Uniqlo -- the Japanese based retailer -- has surged in the past decade, reaching over 1700 stores worldwide. But now it seems the fast-fashion clothing maker is suffering from the same problems as traditional retailers, quietly closing several stores in the US this year. Can Uniqlo turn the trend around through sports? Joining us now to discuss is Yahoo Finance's Dan Roberts.

Looking ahead

  • At 10AM Eastern we'll get existing home sales for the month of May. In the prior month we saw existing home sales jump 6% year over year.
  • A half an hour later oil traders will be eagerly watching the EIA's weekly crude inventory report. Last week we saw a drawdown of 900,000 barrels.
  • And the long suffering fans of Cleveland will celebrate their NBA Champion Cavaliers tomorrow with a parade and rally in downtown Cleveland. The Cavs are the first team in NBA history to come back from a 3-1 deficit, clinching the first major sports title for the city since 1964.