U.S. stocks rally across the finish line of eventful week
Main stock indexes close higher, but pare gains toward close
Cons disc leads S&P 500 sectors gainers; Comm Svcs sole loser
Dollar, gold, crude, bitcoin all slip
U.S. 10-Year Treasury yield edges down to ~4.18%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
U.S. STOCKS RALLY ACROSS THE FINISH LINE OF EVENTFUL WEEK
Wall Street ended higher on Friday, gathering momentum - and then paring in the last half hour - closing the book on an action-packed week.
All three major stock indexes posted healthy gains on the day - although well off the session's apex - with the Dow Jones Industrial Average .DJI just missing a fresh record closing high.
All three posted weekly gains.
Among outperformers, chips .SOX surged 1.3%, housing stocks .HGX gained 1.6% and small caps .RUT built on recent strength, adding 1.1% and touching their highest level since 2022.
The RUT notched its largest weekly percentage gain since early-November 2023.
Second-quarter reporting season is underway, and a trio of big U.S. banks cut the ribbon.
JPMorgan Chase JPM.N and Citigroup C.N both beat expectations on solid investment banking, but their shares closed down 1.2% and 1.8%, respectively.
Wells Fargo WFC.N tumbled 6.0% after missing interest income estimates.
The S&P Banking index .SPXBK shed 1.5%.
On the economic front, the Labor Department's Producer Prices report delivered a hotter reading than economists were anticipating, while the University of Michigan's initial take on June Consumer Sentiment unexpectedly dipped.
This follows Thursday's cool CPI print, which appeared to bolster Fed Chair Jerome Powell's subtle hinting, during his two-day congressional monetary policy testimony, that the central bank could cut interest rates as soon as September.
The higher-profile indicators on next week's docket include retail sales on Tuesday, followed on Wednesday with housing starts/building permits and industrial output.
A truncated list of attention-grabbing corporate earnings reports expected next week:
Goldman Sachs GS.N reports on Monday, Tuesday brings Morgan Stanley MS.N and Bank of America BAC.N to the fore, followed by Johnson & Johnson JNJ.N and United Airlines UAL.O on Wednesday.
Thursday puts Netflix NFLX.O on deck, and American Express AXP.N, Travelers Companies TRV.N wrap things up on Friday.
Here's your closing snapshot:
(Stephen Culp)
*****
FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
Q2 US EARNINGS GROWTH NOW SEEN AT 9.6% YR-OVER-YR - LSEG - CLICK HERE
S&P 500 EARNINGS GROWTH LIKELY TO ACCELERATE WITH Q2 RESULTS, UBS SAYS - CLICK HERE
ELI LILLY HEADS TOWARDS TRILLION DOLLAR CLUB IN HEALTHCARE MILESTONE - CLICK HERE
INDIVIDUAL INVESTOR BULLS "UNUSUALLY HIGH" - AAII - CLICK HERE
TWO STEPS FORWARD, ONE STEP BACK: PPI, UMICH - CLICK HERE
IS THIS THE BEGINNING OF THE END OF THE DOLLAR RALLY? - CLICK HERE
THE MOUSE THAT ROARED: SMALL CAPS BESTING THE BIGGIES AGAIN, BANKS SLIDE - CLICK HERE
ALL ABOARD THE BROADENING TRAIN? - CLICK HERE
JPMORGAN, MACQUARIE JOIN SEPTEMBER U.S. RATE-CUT BANDWAGON - CLICK HERE
EARNINGS SEASON BRINGS NIGGLING WORRY FOR NERVOUS INVESTORS - CLICK HERE
POLITICS OUT, DATA AND CENTRAL BANKS IN, UNTIL NOVEMBER - CLICK HERE
DON'T BANK ON EARNINGS TO BOOST LUXURY NAMES - CLICK HERE
SWITZERLAND AND SWEDEN - CLICK HERE
ROTATION TIME - CLICK HERE
MORNING BID: TOKYO'S ART OF INTERVENTION - CLICK HERE
Closing snapshot https://reut.rs/4cD04yU
Activos relacionados
Últimas noticias
Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.
Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.
Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.
