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

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

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