The major averages were pulled down this week by the weight of higher oil prices and rising yields as fighting in the Middle East expanded with the Iran-backed Houthis' threatening to disrupt shipping through the Red Sea.
The major averages were pulled down this week by the weight of higher oil prices and rising yields as fighting in the Middle East expanded with the Iran-backed Houthis' threatening to disrupt shipping through the Red Sea.
The major averages closed the session mixed after investors stepped in to scoop up beaten down shares after Thursday's drubbing.
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 | 24975.82 | -161.87 | -0.64% | 7.46% |
| DJ UTILITIES | 1172.68 | -0.4 | -0.03% | 9.79% |
| DJ TRANSPORT | 22476.16 | -102.35 | -0.45% | 29.49% |
| DJ INDUSTRIALS | 51947.25 | 235.6 | 0.46% | 8.08% |
| NYSE COMPOSITE | 23990.89 | 116.62 | 0.49% | 9.03% |
| S & P 100 INDEX | 3636.53 | 1.38 | 0.04% | 5.95% |
| RUSSELL 2000 | 2930 | -10.16 | -0.35% | 18.05% |
| S&P 500 | 7411.98 | 3.68 | 0.05% | 8.28% |
| CBOE MKT VOLATILITY | 18.58 | -0.12 | -0.64% | 24.28% |
| AMEX COMPOSITE | 8402.9 | -20.54 | -0.24% | 22.37% |
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