All three major indexes finished the week strong after a slow start
Stocks shook off early-week volatility, finishing the day and week higher as Treasury yields cooled. The Dow notched its third-straight triple digit gain, pushing the index to another record close and its third positive week in four. The S&P 500 secured its eighth- straight weekly win -- its longest streak since late 2023 -- while the Nasdaq posted its seventh weekly advance in the past eight weeks, fueled by renewed strength in tech stocks.
Continue reading for more on today's market, including:
- Double support levels hold RIOT stock steady.
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- Plus, fintech downgrade catch; good news for MRK; and more on renewed tech buying interest.
5 Things to Know Today
- Director of national intelligence, Tulsi Gabbard, announced her resignation beginning June 30. (The New York Times)
- Qatar returns to Iran negotiations with U.S. backing as ceasefire tensions and nuclear disputes persist. (Reuters)
- Why this fintech stock is selling off today.
- Pharma favorite cheers on European backing.
- Tech traders cheered on government grants.
Oil, Gold Fall for the Week
Oil prices rose Friday as investors cling to Middle East resolution hopes. June-dated West Texas Intermediate (WTI) added 25 cents to settle at $96.60. Crude suffered majority of the week though and logged a weekly loss.
Gold prices fell Friday, marking the yellow metal's second weekly loss. June-dated gold futures lost 0.9% to settle at $4,502.70 per ounce.