Reported 10 months ago
Following the Juneteenth holiday break, Wall Street reopened with caution as the S&P 500 and Nasdaq 100 indices dropped after hitting all-time highs. Chipmaker stocks saw profit-taking, leading to the decline, while the energy sector rallied alongside rising Treasury yields. The Dow Jones Industrial Average outperformed other major indices, and long-dated Treasury yields rose. Oil prices surged, small caps softened, and blue chips rebounded. Key economic data showed mixed results and concerns about the real estate market. The Bank of England kept its key policy rate steady, while the Swiss National Bank cut rates. Several stocks saw movements, with chipmakers experiencing declines and Gilead Sciences Inc. soaring. Gold prices rose, and Bitcoin remained stable.
Source: YAHOO