Dow Jones Industrial Average Battles Back to Win June

The 25 Best Stocks for July

Jun 30, 2016 at 4:33 PM
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The Dow Jones Industrial Average (DJIA) surged triple-digits for the third consecutive session -- battling back to notch a monthly win -- as stimulus chatter began swirling in a post-"Brexit" Europe. Additionally, St. Louis Fed President James Bullard reiterated his dovish stance toward U.S. monetary policy while speaking in London, and also said that the chances of a recession are low. Meanwhile, consumer staples stocks helped lift the S&P 500 Index (SPX), as M&A buzz boosted the sector.

Continue reading for more on today's market, including:

The Dow Jones Industrial Average (DJIA - 17,929.99) added 235.3 points, or 1.3%, for its third day in a row of 200-plus-point gains. General Electric Company (NYSE:GE) settled up 3%, the most of the 29 Dow winners, while Visa Inc (NYSE:V) was the sole loser -- shedding 3.3%. For the month, the Dow increased 0.8%, and rose 1.4% for the quarter.

The S&P 500 Index (SPX - 2,098.86) gained 1.4%, or 28.1 points. For the month and the quarter, the SPX gained 0.1% and 1.9%, respectively. The Nasdaq Composite (COMP - 4,842.67) jumped 1.3%, ending up 63.4 points. For the quarter, the COMP finished with a loss of 0.1%, and gave back 2.1% on the month.

The CBOE Volatility Index (VIX – 15.63) dropped 1 point, or 6.1%. For the quarter, the market's "fear gauge" gained 12%, and added 10.1% for the month.

Indexes closing summary June 30
NYSE and NASDAQ stats June 30

5 Items on Our Radar Today: 

  1. Bank of England (BoE) Governor Mark Carney hinted at a possible interest-rate cut in the coming months, saying that "monetary policy easing will likely be needed over the summer," as a result of the "Brexit" vote. Likewise, the European Central Bank (ECB) is reportedly contemplating relaxing bond-purchase restrictions(Bloomberg)
  2. Apple Inc.'s (NASDAQ:AAPL) $5 billion campus will be twice the size of Disneyland. (MarketWatch)
  3. Tractor Supply Company (TSCO) warned investors not to expect fertile fields this earnings season.
  4. Hertz Global Holdings Inc (NYSE:HTZ) managed to snag deals with both Lyft and Uber.
  5. Option bulls feasted on WhiteWave Foods Co (NYSE:WWAV).

Quarterly Earnings June 30
Unusual Options Activity June 30
Data courtesy of
Trade-Alert

Commodities:

August-dated crude oil dropped $1.55, or 3.1%, to end at $48.33 per barrel, as production in Nigeria and Canada picked up. For the month, black gold lost 1.6%, but for the quarter, oil prices rose by 26.1%.

August-dated gold dropped 0.5%, or $6.30, to end the day at $1,320.60 per ounce, as traders sought out riskier bets. For the quarter and the month, the precious metal gained 6.9% and 8.7%, respectively.

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