06/28/2019

Stocks finished the week up as investors await the G-20 meeting. In economic news, U.S. consumer spending increased moderately in May, while inflation remained steady.

Here’s a look at how the major indices finished the day:

 

Dow Jones Industrial +72 at 26,599

S&P 500 finished +17 at 2,941

NASDAQ finished +38 at 8,006

 

The 10 Year Treasury closed down a half of basis points yielding 2%

Oil prices closed down $1.53 ending at $57.90 a barrel

Gold prices closed up $1.50 ending at $1,414 an ounce

 

In the days’ stock news:

 

  • Nike missed earnings estimates but beat revenue forecasts. The stock closed up a third of a percent
  • Apple’s chief design officer, John Ive, who helped design key products such as the iMac and iPhone, is leaving after being with the company for over 25 years. Apple’s stock closed down about 1%
  • Boeing is attempting to have all 737 MAX-related fixes done by September. Their stock closed the day flat
  • AutoZone was upgraded at Oppenheimer, with the firm noting the potential of sustained strong commercial sales expansion