Making sense of the markets this week: June 2, 2024.

This article provides an overview of the recent performance of Canadian and U.S. banks, as well as retail and info tech companies. Canadian banks, including RBC and National Bank, have increased provisions for credit losses due to potential loan defaults. While some banks, like BMO and Scotiabank, had lower-than-expected earnings, others, like RBC and CIBC, posted solid results. In the U.S., HP and Best Buy saw their stock prices rise after reporting earnings that exceeded expectations, while Dell's stock price declined. The article also discusses the correlation between company profits and stock prices, as well as the disappearance of stagflation concerns. [Extracted from the article]