S&P 500 Scrapes Together Record Close, Dow Ekes Out Win

After a day spent clinging close to its breakeven, the S&P 500 managed to eke out a win on Friday, just barely logging its second-straight record closing high. The Nasdaq also settled slightly higher, and both indexes notched weekly wins. The Dow, meanwhile, turned positive within the final few minutes of trading, though it suffered a loss for the week. Tech stocks saw a resurgence today, while a drop in the 10-year Treasury yield to a three-month low, helped boost sentiment on Wall Street. 

The Dow Jones Average (DJI - 34,479.60) added 13.4 points, or 0.04% for the day, but lost 0.8% for the week. American Express (AXP) led the Dow components with a 1.4% rise, while Caterpillar (CAT) paced the laggards, falling 2.2%.

Meanwhile, the S&P 500 Index (SPX - 4,247.44) added 8.3 points, or 0.2% for the day, and 0.4% for the week. The Nasdaq Composite (IXIC - 14,069.42) added 49.1 points, or 0.4% for the day, and 1.9% for the week. The former logged its third-straight weekly win, while the latter just strung together four weeks of consecutive gains. 

Lastly, the Cboe Volatility Index (VIX - 15.65) dropped 0.5 points, or 2.8%, and shed 4.7% for the week.

Closing Indexes Summary June 11

NYSE and Nasdaq Stats June 11

Corpoeate Earnings June 11

Unusual Options Activity June 11


Oil prices strung on another close above the $70 level on Friday, buoyed by comments from the International Energy Agency (IEA) predicting that oil demand will return to pre-pandemic levels by the end of 2022. The agency added that producers will need to up their production output to keep up with the demand. July-dated crude added 62 cents, or 0.9%, to settle at $70.91 per barrel, with an almost 1.9% rise for the week.

Gold prices fell to their lowest level in over a week, while the dollar hardened, and short-term futures traders began to take profits. August-dated gold dipped $16.80 cents, or 0.9%, to settle at $1,879.60 an ounce for the day, with a 0.7% drop for the week. 

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