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Negative Results for the U.S. Stocks on Friday

Author:
Alexandar Machev
Market News

U.S. stocks finished lower Friday amid heightened tensions between Iran and the U.S. but the Dow is on track for its best June in eight decades as investors cheered the Federal Reserve’s shift to a more dovish stance.

The S&P 500 index fell 3.72 points, or 0.1%, to 2,950.46, a day after the large-cap index finished at a record. The Dow Jones Industrial Average lost 34.04 points, or 0.1%, to 26,719.13. The blue-chip index had at one point in the session moved above its closing high set on Oct. 3. The Nasdaq Composite Index shed 19.63 points, or 0.2%, to 8,031.71.

All three main benchmarks are also up for a third week in a row with the S&P 500 gaining 2.2%, the Dow climbing 2.4%, and the Nasdaq adding 3%, according to FactSet.

And if the market can defend its month-to-date gains next week, the Dow is poised for its strongest June performance since 1938 while the S&P 500 could have its best June since 1955. For the Nasdaq, it could be its biggest June jump since 2000.

 

 

International Financial Markets Department

Euro-Finance Ltd.

forex@eurofinance.bg

www.eurofinance.bg 

*This material should not be considered as a recommendation for buying/selling securities.