US Indexes Close Higher for the June 14 Week

The Dow Jones Industrial Average closed at 26,089.61 on Friday with a loss of 17.16 points or -0.07%. The S&P 500 closed at 2,886.98 for a loss of 4.66 points or -0.16%. The Nasdaq Composite closed at 7,796.66 for a loss of 40.47 points or -0.52%. The VIX Volatility Index was lower at 15.28 for a loss of 0.54 points or -3.41%.

For the week, the Nasdaq reported a gain of 0.7%, the S&P 500 gained 0.5% and the Dow Jones gained 0.4%.

Year to date, the Nasdaq has a gain of 17.5%, the S&P 500 has a gain of 15.2% and the Dow Jones has gained 11.8%.

Friday’s market movers

Technology stocks continued to drag down equity valuations Friday with the Nasdaq closing down 0.52% on Friday, but slightly higher for the week. The U.S.’s largest tech stocks continued to see negative pressure as government investigation headlines were a factor. China trade negotiations involving technology and the Huawei ban were also technology detractors.

Economic reports affecting market trading included the following:

Retail sales increased 0.5% in May following a 0.3% monthly increase. Retail sales year over year increased 3.2%, following a 3.7% increase. Separately, retail sales excluding auto increased 0.5% in May. The Manufacturing and Trade Inventory and Sales report from the U.S. Census Bureau showed business inventories increased 0.5% after unchanged in the previous month. The Fed’s Industrial Production and Capacity Utilization report included a multitude of data. Manufacturing production increased 0.2% in May and 0.7% year over year. Capacity utilization was 78.1% in May following a report of 77.9%. Industrial production increased 0.4% in May and 2% year over. The Michigan Consumer Sentiment Index decreased to 97.9 from 100. The Baker Hughes North American oil rig count decreased to 1,076 from 1,078

In the Dow Jones

Read More Here...

Bookmark the permalink.