Schaeffer's Market Recap The DJI staged a valiant eleventh-hour rebound, but it wasn't enough
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| | | 6/14/2019 | |
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| Dow Settles Lower, But Logs Back-to-Back Weekly Wins | | By Patrick Martin | | The Dow was down 118 points at its session low, and despite a late-stage jump into positive territory, still ended in the red. The index couldn't shake off headwinds from a recoiling chip sector, subpar Chinese manufacturing data, and a smaller-than-expected increase in May retail sales. The S&P 500 and Nasdaq also closed lower, but all three major indexes walked away with their second straight weekly wins. Elsewhere, investors are monitoring U.S.-Iran tensions over recent oil tanker attacks, while looking ahead to next week's Fed meeting, especially in light of growing chatter about a summer rate cut. Continue reading for more on today's market, including: - Steer clear of these 25 stocks around Fed meetings.
- This could be the best social media stock for bulls right now.
- Plus, 4 of the latest IPOs; one stock to target next week; and a biotech battered by options traders.
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