U.S. Stocks Slip From Near Records as Resolution Nears on Greece
Friday, 19 June 2015 23:34 WIB | UNCATEGORISED |Indeks S&P 500

U.S. stocks declined, after the Standard & Poor’s 500 Index traded near a record, as investors speculate that a resolution to the Greek debt crisis is close.

The S&P 500 Index fell 0.3 percent to 2,115.40 at 11:59 a.m. in New York, after rising Thursday to within 0.5 percent of an all-time high. The Dow Jones Industrial Average lost 52.58 points, or 0.3 percent, to 18,063.26. The Nasdaq Composite Index declined 0.2 percent after closing at a record.

Stock trading Friday may be subject to unexpected swings because of a quarterly event known as quadruple witching, when futures and options contracts on indexes and individual stocks expire.

The S&P 500 had posted its best three-day run in three months, up 1.8 percent. It’s the best performing developed-market index in June, and the only benchmark heading for a gain. Three rounds of Fed bond purchases and borrowing costs near zero have propelled the gauge up by more than 200 percent during the six-year bull market.

Source: Bloomberg

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