Market News & Analysis
Equity Handover: Stocks Close Mixed After Setting a Record High Intraday
Matt Weller, CFA, CMT June 24, 2019 9:21 PM
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- US stocks closed mixed after the S&P 500 made a fresh record high intraday. The small cap focused Russell 2000 shed over 1.25% on the day.
- Materials (XLB) was the strongest sector on the day, while Energy (XLE) brought up the rear.
- Traders remain on edge ahead of the highly-anticipated G20 meeting at the end of the week – see our full preview of the event.
- Weak US manufacturing data continue to pile up, with today’s Dallas Fed Manufacturing survey falling to -12.1, well below the estimated -2.0 reading.
- Gold extended its rally to five straight days, tacking on another 1% to close at a nearly 6-year high at $1415.
- Caesar’s Entertainment (CZR) surged 15% after the casino operator agreed to be bought out by Eldorado Resorsts (ERI).
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