Friday's Market Recap - Dow Staged A Late Rally To Finish With Modest Gains.
- Jun 10, 2021
- 2 min read
What is The Premarket Telling Us?
June 11, 2021 7:30 AM.
Stocks futures are modestly higher this morning, with Dow futures up 79 points, Nasdaq futures up 29 points, and S&P futures up 8 points. Asian market ended mixed.
On The Bond Desk:
The US 10 Year Bond Yield at 1.447%, down 1.2 basis points.
Currency Desk:
Eurodollar: 1.21
UK Pound: 1.41
Crude Oil:
WTI crude oil futures at $70.46/barrel, up 0.24%.
On the Earnings Calendar:
None to report
In M&A News:
None to report
What About The Asian And European Markets?
Major Asian markets mostly mixed. Japan (Nikkei 225) down 0.03%, Shanghai down 0.58%, Hong Kong (Hang Seng) up 0.36%.
Major European markets closed higher. German (DAX) up 0.79%, France CAC 40 up 0.83%, London FTSE 100 up 0.65%.
Market And Sector Dynamics
Stocks opened modestly higher this morning. The Dow gained 78 points, Nasdaq gained 9 points, and the S&P added 5 point. WTI crude oil got off to a positive start at $70.44/barrel, up 0.21%, and the US 10 Year Bond was at 1.45%, down 0.9 basis points.
After a promising start, the Dow quickly turned lower, an hour into the session, and remained lower for most of the session, before returning to positive territory just at the close of the session. At the high the down was up 140 points shortly after the open. The intraday low was 135 points.
Eight of the ten S&P sectors closed today's session with gains, led by Financials, Technology, Consumer Discretionary, Basic Materials, Utilities, Industrials, Consumer Staples, and Communication Services. Healthcare, Real Estate, and Energy, ended with modest losses.
Factors Influencing Today's Market
Asian markets were mixed, but European markets ended higher.
US 10 Year Bond Yield closed today at 1.454%, up 1.16%.
WTI crude oil closed at $70.91/barrel, up 0.88%.
This week's Baker Hughes US Oil Rig count rose 6 rigs to 365 total.
Market Close Volume Traded And Advance Decline Ratio
Markets ended modestly higher in today's trading. The Dow gained 13.36 points, Nasdaq gained 49.09 points, and the S&P gained 8.26 points. Total NYSE volume traded, a light 3.86 billion shares. Advancing shares outpaced Declining shares nearly 2:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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