Friday, 2 July 2021: US equity markets made a solid start to the third quarter

Jul 1, 2021 · 6m 47s
Friday, 2 July 2021:  US equity markets made a solid start to the third quarter
Description

US equity markets made a solid start to the third quarter, with the S&P500 scaling a fresh record high ahead of tonight’s key non-farm payrolls report - Dow up +131-points...

show more
US equity markets made a solid start to the third quarter, with the S&P500 scaling a fresh record high ahead of tonight’s key non-farm payrolls report - Dow up +131-points or +0.38% to 34,633.53, marking its fourth-highest close in history as it inches toward eclipsing its 7 May all-time closing high at 34,777.76. Chevron Corp was among the leading index performers following fresh gains on crude markets. The broader S&P500 logged its sixth consecutive all-time closing high (longest such streak since August 2020) and 35th record close of 2021, up +0.52% to 4,319.94. Energy (up +1.72%) and Utilities (+1.13%) rose over >1% to lead ten of the eleven primary sectors higher. Consumer Staples (down -0.28%) was the only primary sector to close in the red. The Nasdaq edged +0.13% higher to 14,522.38, just shy of its record settlement of 14,528.33. The small capitalisation Russell 2000 gained +0.81%. In merger and acquisition (M&A) news, MGM Resorts International rose +2.04% after announcing that it will buy the remaining 50% stake in its joint venture, CityCenter Holdings LLC, for US$2.125B from Infinity World Development.
show less
Information
Author Morgans Financial Limited
Organization Morgans Financial Limited
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search