Stocks Stumble Friday Despite Weekly Wins

Nvidia (NVDA) profit taking weighed on tech stocks today

Managing Editor
Jun 21, 2024 at 4:26 PM
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As Nvidia (NVDA) goes, so goes Wall Street. With the chip giant succumbing to profit taking for a second-straight day, tech stocks and the Nasdaq closed red. The Dow eked out its fourth-straight win, while the S&P 500 finished off 8 points after spending the day on both sides of breakeven. Despite the choppy session, all three major indexes secured a weekly win. 

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

  • Analyst pumps the brakes on Palantir stock.
  • Nike stock props up the Dow after upgrade.
  • Plus, firearms stock fizzles; market cap movers; and an options pricing primer.

closing summary june21

nyse nasdaq june21

5 Things to Know Today 

  1. Fast fashion Shein's initial public offering (IPO) is dead in the water. (CNBC)
  2. China automakers are cornering the Southwestern Asia market. (Reuters)
  3. Firearms stock overdue for downgrades after earnings.
  4. Should you care about Apple's market cap movement?
  5. 3 keys to nailing options pricing

Corporate Earnings June 21

uvol june21

Weekly Wins for Oil, Gold

Oil prices stumbled into the weekend, with August-dated West Intermediate (WTI) crude shedding 56 cents, or 0.7%, to settle at $80.73 per barrel. For the week, black gold added 3.4%.

A rising U.S. dollar weighed on gold today. August-dated gold shed 1.6% higher, to settle at $2,331.20 an ounce. Gold managed a modest win for the week. 

 

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