U.S. Stocks End broadly Higher, Major Indexes Post Negative Week But Positive Quarter
Saturday, 30 June 2018 03:56 WIB |
MARKET UPDATE |Saham HongKongIndex Hang Seng
U.S. stocks closed higher on Friday, as a broad rally ended the week, the month of June, and the second quarter on a positive note. The Dow Jones Industrial Average rose 0.3%. The S&P 500 added 0.1%. The Nasdaq Composite Index ended up 0.1%. The day's gains were widespread, with eight of the 11 primary S&P 500 sectors ending in the green.
Among the biggest gainers were energy stocks, which rose 0.7% alongside a jump in crude-oil prices. Financials were also in focus after major banks indicated that they would return capital to shareholders after passing the Federal Reserve's stress tests. Among notable stocks, Exxon Mobil Corp. rose 0.9% while Wells Fargo & Co. climbed 3.4%.
The positive tone on the day, however, wasn't enough to erase weakness from earlier this week, which largely came on uncertainty pertaining to trade policy. The Dow fell 1.2% for the week while the S&P 500 lost 1.3% and the Nasdaq fell 2.4%. For the month, the Dow slipped 0.6% while the S&P rose 0.5% and the Nasdaq gained 0.9%. For the second quarter, all three ended in the green, with the Dow up 0.7%, the S&P up 2.9%, and the Nasdaq climbing 6.3%. For the first half of the year, the Dow is down 1.8% and the S&P is up 1.7%. The Nasdaq is up 8.8%.
Source : Bloomberg