Nasdaq Marks 5 Straight Record Closes

The Dow and S&P 500 closed well off their session lows

Managing Editor
Jun 14, 2024 at 4:30 PM
facebook X logo linkedin


Stocks were choppy and volatile to close out a data-driven week, with all three major indexes paring steeper losses from the morning. The Dow failed to capture a daily or weekly win, and with a fourth-straight loss, is now mired in its worst losing streak since April. The tech-heavy Nasdaq secured wins for the day and week, thanks to a stretch of five consecutive record closes while the S&P 500 fell for the day but still logged a solid weekly win.  

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

  • 'Buy' signal flashing for CrowdStrike stock.
  • Inflation data circles mixed Wall Street week.
  • Plus; ADBE an analyst favorite; Hasbro surges; and chip stock hits a new record.

Closing Indexes Summary June 14

NYSE and Nasdaq Stats June 14

5 Things to Know Today 

  1. To aid in refuting "extremely bad actors" within OpenAI, retired Army Gen. Paul Nakasone was named as a member of its board of directors. (MarketWatch)
  2. Despite being banned in 18 states, the U.S. Supreme Court voted it is unlawful to ban "bump stocks," a piece used to make machine guns fire quicker. (CNBC)
  3. Analysts cheer Adobe earnings.
  4. Bull note sends Hasbro stock climbing.
  5. Fresh round of records for Arm stock.

Corporate Earnings June 14

Unusual Options Activity June 14

Gold, Oil Sport Impressive Weekly Wins

Crude prices enjoyed both daily and weekly wins, recovering well after the Organization of the Petroleum Exporting Countries and allies (OPEC+) shared its output goals earlier this month. July-dated West Intermediate (WTI) crude rose five cents, or 0.1%, to close at $78.67 per barrel on the day and up 4.2% in the last week.

Gold futures are enjoying a string of easing economic data pressures, sending the commodity to its first weekly gain in a month. The most-active, August-dated gold closed up 1.4% near $2,334.70 an ounce on the day and up 1.9% for the week.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!