Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Lauder, Hut 8, Incyte, SpaceX, and More Pre-Market Stock Futures: Futures are trading mixed as we prepare to finish the last full week of the second…
arter. We finished a wild holiday-shortened trading week last Thursday, as Friday was the federal Juneteenth holiday, and all major indices rebounded smartly from the Federal Reserve-induced sell-off on Wednesday
Details of the signed memorandum of understanding between the United States and Iran helped push oil prices back to the lowest level since March, and provided a strong tailwind for stocks. When the final bell rang last Thursday, the small-cap Russell 2000 led the way once again. closing up 2.12% at 2,979, while the Nasdaq also posted a strong day, finishing the session at 26,517, up 1.91%. The S&P 500 finished up 1.08% at 7,500, while the Dow Jones Industrials closed out the day at 51,564, up 0.14%.
Treasury Bonds: Yields were mixed across the curve on Thursday as buyers came in on the long end, while sellers were concentrated on the belly and short end maturities of the curve. By the close, the 30-year-long bond was spotted at 4.90%, and the 10-year benchmark note was last seen at 4.46%. Following the hawkish tone at the Federal Reserve meeting last week, bond traders will be keeping a close eye on incoming economic data.