Stocks Win in June; Nasdaq, S&P 500 Gain in Q2

The Dow marked a quarterly loss

Managing Editor
Jun 28, 2024 at 4:29 PM
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The major indexes finished the day lower after a wild week of inflation-focused trading, with the Dow weighed down by Nike's (NKE) sharp post-earnings drop. The DJI and S&P 500 inched into the red for the week, while the Nasdaq notched its fourth consecutive weekly win. For the month, all three major indexes notched healthy gains, while the blue-chip index was the only loser in the second quarter. 

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

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5 Things to Know Today 

  1. Former Trump aid Steven Bannon will begin his four-month jail stint on Monday after being denied an appeal by the Supreme Court. (CNBC)
  2. After a 14-year reign, Conservatives in the U.K. are widely anticipated to be knocked off by Labour Party leader Keir Starmer during the region's July 4 election. (Bloomberg)
  3. Behind Nike stock's worst day ever
  4. AI potential lands REIT a bull note.
  5. Nokia buyout deal sent tech stock surging.

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Oil Bags Daily, Weekly, Monthly Wins

Oil futures rose again, higher as the stress surrounding Middle East tensions failed to subside. For the session, August-dated West Intermediate (WTI) crude gained 61 cents, or 0.8%, to settle at $82.35 per barrel for the day, 0.9% higher for the week, up 7% for June, and down 1.8% for the quarter.

Gold futures rode the wave of lowering Treasury yields and an expectation for a September rate hike in response to today's inflation update. August-dated gold was last seen up 0.1% to $2,339.80 an ounce for the day, down 0.3% for the week, off 1.2% for the month, and 3.4% higher for the quarter.

 

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