Daily Investment Interpretations
June 17, 2010
The markets closed up slightly today, vaulting up in the last half-hour
of trading. today: Stocks take last turn higher.
The NASDAQ Composite advanced 1.23
to close at 2,307.16, the Dow gained 24.71
to close at 10,434.17,
and the S&P 500 added
to end at 1,116.04.
Oil ended at $76.56 a barrel, while Gold ended the day
at a new high of $1,247. The VIX
Today's gains came in the face of less-than-reassuring news, summarized in these articles: Jobless claims up, remaining stubbornly high,.Philly Fed sees a June downshift, Conference Board pegs slower U.S. growth, and Earnings warnings threaten summer. A successful auction of Spanish bonds poured oil on troubled waters, and inaugurated the last-minute market run-ups.
Market futures are neutral tonight.