Evening Market Recap - Wednesday, 26-Jun
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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 5-year notes saw slight stop through in latest well-received sale. Micron trading lower after hours as revenue guidance was shy.
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US equities ended mostly higher this week with solid performances from big tech (though Nvidia again underperformed). The big focus this week was on some disappointing key corporate updates, the Trump-Biden presidential debate, the May PCE report, and a continued volatile macro narrative. Core...
Published 06/28/24
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US equities finished higher in Thursday trading after an up-and-down session that saw official S&P performance a hair behind the equal-weight index. It was a fairly quiet and uneventful session, though there were a few dynamics at play. Today's mixed economic data and cautious consumer...
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