Sour Session Barely Dents Wall Street's Big Weekly Win

The Nasdaq secured its longest winning streak in four years

Deputy Editor
Jun 16, 2023 at 4:26 PM
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The major indexes closed Friday lower, after toeing the breakeven line for most of the session. The S&P 500 logged a minor loss, but locked in its fifth-straight winning week -- its best such streak since November 2021. Likewise, the Nasdaq marked its eighth consecutive weekly win, locking in its best run since March 2019, while the Dow snagged its third positive week in a row. Elsewhere, the Cboe Volatility Index (VIX) lost for a third-straight week. 

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

  • Software stock scored a one-year high after earnings.
  • June's top performing exchange-traded fund.
  • Plus, Amazon.com's big buyout; bulls bet on SPCE; and how to celebrate Juneteenth.

closing summary june16

nyse nasdaq june16

5 Things to Know Today

  1. Dr. Mandy Cohen is U.S. President Joe Biden's nomination for director of the Centers for Disease Control and Prevention (CDC). (CNBC)
  2. The amount of money the Federal Reserve lent banks rose for a sixth-straight week. (MarketWatch)
  3. Amazon.com's billion-dollar acquisition.
  4. Why call traders love this space tourism stock.
  5. Events and organizations to support on Juneteenth.

Earnings June16

UVOL June16

Oil Gains, Gold Loses for the Week

Oil futures marked a 2.3% gain for the week, as investors kept their eyes on Chinese crude demand. July-dated crude added $1.16, or 1.6%, to close at $71.78 per barrel on the day.

Gold futures posted a modest 0.3% loss for the week. For the session, however, August-dated gold added 50 cents, or less than 0.1%, to close at $1,971.20 an ounce.

 

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