S&P 500 Nabs Record Close; Nasdaq Ekes Out 7-Straight

The Dow settled slightly above breakeven

Managing Editor
Jun 18, 2024 at 4:28 PM
facebook X logo linkedin


The S&P 500 notched yet another record close, thanks in part to chip-name Nvidia's (NVDA) outperformance, which helped the company surpass Microsoft (MSFT) in terms of valuation. The tech-heavy Nasdaq clung to its lead, eking out a 7th-straight gain and record close of its own. Meanwhile, the Dow settled slightly above breakeven, as Wall Street digested weak retail sales data.

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

Closing Indexes Summary June 18

NYSE and Nasdaq Stats June 18

5 Things to Know Today 

  1. Cryptocurrency Bitcoin (BTC) today slipped below a former level of support, last seen trading near $64,600. (MarketWatch)
  2. A Senate panel slammed Boeing CEO Dave Calhoun, demanding answers on his pay package, plane safety, and whistleblower allegations. (CNBC)
  3. FDA vaccine nod boosts pharma stock.
  4. Behind Lenna stock's post-earnings moves.
  5. Chewy stock paced for its best close of 2024.

Corporate Earnings June 18Unusual Options Activity June 18

Oil Marks 7-Week High on Demand Increase

Oil enjoyed a surge to its highest mark since April, on the back of increased crude demand. July-dated West Intermediate (WTI) crude rose $1.24, or 1.5%, to settle at $81.57 per barrel.

Retail sales data and lower Treasury yields sent gold higher this afternoon. The most-active, August-dated gold closed 0.7% higher near $2,344.10 an ounce.

 

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!