The S&P500 and Nasdaq eked out fresh record highs - Dow inched +9-points higher, paring an earlier climb of over >100-points. The broader S&P500 eked out a +0.03% gain to settle at 4,291.80 and log its 33rd record closing high of 2021. Information Technology (up +0.70%) did the heavy lifting overnight and was one of only three primary sectors to advance (along with Consumer Discretionary (+0.23%) and Health Care (+0.07%)). Utilities (down -1.65%) was the worst performing primary sector. Morgan Stanley (up +3.35%) and Goldman Sachs Group Inc (+1.06%) advanced. Five of the six largest U.S. banks announced on Monday (28 June) that they would increase dividends after the Federal Reserve last week lifted previous temporary restrictions on dividends and share buybacks.
The S&P500 and Nasdaq eked out fresh record highs - Dow inched +9-points higher, paring an earlier climb of over >100-points. The broader S&P500 eked out a +0.03% gain to settle at 4,291.80 and log its 33rd record closing high of 2021. Information Technology (up +0.70%) did the heavy lifting overnight and was one of only three primary sectors to advance (along with Consumer Discretionary (+0.23%) and Health Care (+0.07%)). Utilities (down -1.65%) was the worst performing primary sector. Morgan Stanley (up +3.35%) and Goldman Sachs Group Inc (+1.06%) advanced. Five of the six largest U.S. banks announced on Monday (28 June) that they would increase dividends after the Federal Reserve last week lifted previous temporary restrictions on dividends and share buybacks.
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