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
facebook X logo linkedin

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,'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.'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.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI