Evening Market Recap - Tuesday, 18-Jun
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US equities ended higher Tuesday, a bit off best levels. S&P locked in 31st record high of the year. No new developments around the major themes as today's big event, May retail sales, reaffirmed weakening consumer trends and growth concerns and offered more support for September rate cut. Sentiment remains positive and the path of least resistance still seems tilted to the upside, though the macro narrative has been flip-flopping over the past few weeks.
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US equities ended mostly higher in fairly quiet Wednesday trading, with the Dow Jones, S&P500, and Nasdaq closing up 4bps, 16bps, and 49bps respectively. May new home sales missed. Architecture Billings Index declined in May to its lowest level since August 2020. Today's $70B auction of...
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Published 06/25/24
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