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Barchart
Barchart
Rich Asplund

Stocks Waver on Mixed US Economic News

The S&P 500 Index ($SPX) (SPY) today is up +0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.11%.

Stock indexes today are mixed.  Stocks are wavering today on mixed US economic news.  The strength of today’s report on US May manufacturing production boosted stocks as it eased concerns about a slowdown in consumer spending based on the weaker-than-expected US May retail sales report.  Also, a decline in T-note yields today is supporting stocks.  In addition, today’s rally in crude prices to a 7-week high is giving a boost to energy stocks. 

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