Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. The headline reading from the University of Michigan Survey of Consumers came in at 63.9, higher than estimates of 60.2 from Dow Jones.įriday's session saw choppy moves across the stock market as stock options, index futures and index future option contracts.įriday also marks the final trading day before a long weekend, with the market closed Monday in observation of Juneteenth.Your CNN account Log in to your CNN account Consumer inflation expectations fell in June, with one-year assumptions for price pressures declining to 3.3% from 4.2% in May. "This stock market rally seems a bit overextended but too much money remains on the sidelines, which means if the AI trade remains intact, this winning streak for the S&P 500 can continue."įriday brought more good news on the inflation and economic front. "Wall Street remains upbeat that the AI wave won't be going away anytime soon and that investors will prefer US stocks as we see diverging central bank policies worldwide," said Ed Moya, senior market analyst at Oanda. Tech shares were the hardest hit initially when the Fed embarked on its rate-hiking campaign. Microsoft added 4.7% this week and hit a record Thursday. AI darling Nvidia gained 10% this week, adding to its 192% surge this year. Earlier in the week, the May consumer price index came in at the lowest in two years.Īdobe added 0.9% after beating results and issuing upbeat guidance, the latest tech stock to rally. While the Fed signaled that two more rate increases were coming this year, many traders and economists on Wall Street believe the Fed could be nearly done. Trading was relatively quiet the past several days, with investors largely in wait. The Federal Reserve delivered what investors wanted this week when the central bank left rates unchanged Wednesday after 10 consecutive hikes. stocks rose Friday, with all three major indexes posting gains for the week. The S&P 500 and Nasdaq have hit their highest levels since April 2022.The Dow Jones Industrial Average was up nearly 1.3% for the week, its third positive week in a row.Both the Nasdaq and S&P 500 were up six days in a row through Thursday.The Nasdaq is up eight weeks in a row, its best winning streak since 2019.The Nasdaq Composite is up about 3.3% on the week, its best week since March.The benchmark is now up more than 26% from its bear market low.It's the S&P 500's fifth positive week in a row, the first such streak since November 2021.The S&P 500 is up 2.6% on the week, its best performance since March.Here are the major market milestones on the week: The Nasdaq Composite lost 0.68% to finish the session at 13,689.57. The S&P 500 ticked down 0.37% to close at 4,409.59, while the Dow Jones Industrial Average slipped 108.94 points, or 0.32%, to close at 34,299.12. Stocks slipped on Friday as Wall Street closed out a huge week in which investors received a pause on rate hikes from the Federal Reserve, plus encouraging inflation data. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |