Friends
Stocks were mainly mixed as the Dow slumped a bit while the likes of Amazon, Google, Facebook and Netflix all pushed higher. Stocks that have stalled include financials, industrials and materials. Volatility was muted as the bulls, other than for the momentum darlings, seemed uninterested and the bears weren’t able to add to recent bias to the downside.
By the close, the Dow Jones Industrial Average was down 42 points to finish the day at 24,657. The S&P 500 was up 4 points to close at 2,767. Gold was down $7 to trade at $1,271 per ounce, while oil was down $.65 to trade at $65.55 per barrel WTI.
It was announced that General Electric will be replaced by Walgreens Boots Alliance on June 26th (why Walgreens instead of someone like Google or Facebook, I don’t know). We’ll get a look at leading indicators, weekly jobless claims, Philly Fed business outlook and housing data tomorrow , and then on Friday we’ll get a look at PMI. Let’s see how the last couple days of the week play out.
Have a nice evening everyone.
