The major averages struggled to start the week as stalled talks between the US and Iran led to a surge in oil prices. Investors also marked time ahead of key inflation reports later in the week.
The major averages struggled to start the week as stalled talks between the US and Iran led to a surge in oil prices. Investors also marked time ahead of key inflation reports later in the week.
The rally in equities stalled today as July Retail Sales slumped -0.6% vs. +0.2% estimated. Investors fretted that strength in the consumer could be waning, leaving the major averages with modest losses.
Despite rising tensions in the Middle East and a sharp selloff in semiconductor stocks, a late month rally helped limit the damage, leaving the major averages mixed for July...
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26729.16 | -73.87 | -0.28% | 15% |
| DJ UTILITIES | 1112.39 | 2.8 | 0.25% | 4.15% |
| DJ TRANSPORT | 21792.39 | -135.66 | -0.62% | 25.55% |
| DJ INDUSTRIALS | 53732.41 | -107.58 | -0.2% | 11.8% |
| NYSE COMPOSITE | 24821.68 | 12.03 | 0.05% | 12.81% |
| S & P 100 INDEX | 3829.84 | -12.3 | -0.32% | 11.58% |
| RUSSELL 2000 | 3068.42 | 15.57 | 0.51% | 23.63% |
| S&P 500 | 7785.76 | -13.23 | -0.17% | 13.74% |
| CBOE MKT VOLATILITY | 14.25 | -0.38 | -2.6% | -4.68% |
| AMEX COMPOSITE | 8925.75 | 53.19 | 0.6% | 29.98% |
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