The Dow spent most of the session higher before staging a retreat
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| | 6/21/2019 | |
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Stocks Slip in Late-Day Selling, But Log Big Weekly Wins | By Patrick Martin | | It was a relatively quiet end to a busy week on Wall Street. The Dow spent most of the session in the black, with help from outperforming energy stocks, and even came within a chip-shot of record highs. However, an eleventh-hour sell-off prevented the blue-chip index from a fifth straight win, and sent the S&P 500 pulling back from all-time-high territory. Nevertheless, the major market indexes logged their third straight weekly wins, amid escalating expectations for a Fed rate cut next month. Looking ahead, investors will watch U.S.-China trade relations ahead of next weekend's G-20 summit, with Vice President Mike Pence touting "positive signs" on trade. Continue reading for more on today's market, including: - History says scoop up calls on this defense stock.
- This company is reportedly going all-in on blockchain.
- Plus, earnings previews for Micron and FedEx; and an undervalued drug stock.
| >> Continue reading... | |
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