Nasdaq manages 5th straight record high close; S&P
500 ends barely lower
Fri June 14, 2024 4:43 PM
Once again, the market began deeply in the red, the Dow down
some 340 points, but then an almost immediate recovery with all three indexes
closing near break-even. With the Nasdaq being the only index that went even a
little into the black, it marked its fifth straight day of gains while the
S&P snapped its four-day streak. But still all of tech had weekly gains for
the S&P to rise 1.6% and Nasdaq 3.2%, while the Dow sank 0.5%. The Fed
Chicago prez said that, though pleased with the data in May, would like more
months of the same before cutting rates. U of M’s Consumer Sentiment fell sharply
on Friday to 65.6 and the Fed has dialed back rate cut projections from three
for the year to one. Volume remains below average at 10.1 billion.
DJ: 38,647.10 -65.11 NAS: 17,667.56
+59.12 S&P: 5,433.74
+12.71 6/13
DJ: 38,589.16 -57.94 NAS: 17,688.88
+21.32 S&P: 5,431.60
-2.14 6/14
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