Global markets were lower today, weighed down by selling in semiconductors after Samsung delivered a blowout quarter but missed the whisper numbers.
Global markets were lower today, weighed down by selling in semiconductors after Samsung delivered a blowout quarter but missed the whisper numbers.
The holiday-shortened week closed with the DJIA at a new record high as investors continued to rotate out of AI-related stocks and into cyclical sectors.
AI spenders were hammered during the month, while the beneficiaries of that spending moved higher. Microsoft (MSFT), Meta Platforms (META), Amazon (AMZN), Netflix (NFLX) and Tesla (TSLA) all traded below their respective 50,100 and 200-day MA’s in June.
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25818.69 | -302.47 | -1.16% | 11.09% |
| DJ UTILITIES | 1161.37 | 12.72 | 1.11% | 8.74% |
| DJ TRANSPORT | 21772.71 | -98.34 | -0.45% | 25.44% |
| DJ INDUSTRIALS | 52925.15 | -130.76 | -0.25% | 10.12% |
| NYSE COMPOSITE | 24016.96 | -58.16 | -0.24% | 9.15% |
| S & P 100 INDEX | 3689.63 | -11.63 | -0.31% | 7.5% |
| RUSSELL 2000 | 2982.49 | -27.05 | -0.9% | 20.17% |
| S&P 500 | 7503.85 | -33.58 | -0.45% | 9.62% |
| CBOE MKT VOLATILITY | 16.13 | 0.56 | 3.6% | 7.89% |
| AMEX COMPOSITE | 7915.65 | 99.5 | 1.27% | 15.27% |
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