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The Dow lost 150 points

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Schaeffer's Market Recap
6/28/2021
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Nasdaq, S&P 500 Snag Record Highs While Dow Drops Triple Digits


By: Lillian Currens

Markets were scattered for Monday's session. The Dow quickly erased its muted morning gains, eventually settling 150 points lower, weighed by energy and transport stocks. Boeing (BA), specifically, spiraled out today, following news that the company's long-range aircraft likely won't receive verification from regulators until mid-to-late 2023. Meanwhile, retreating bond yields and a strong day for Big Tech pushed the Nasdaq to a triple-digit settlement, and a fresh closing high. The S&P 500 also eked out third-consecutive record peak. 

Wall Street kept an eye on the bipartisan infrastructure deal, which closed last Thursday, monitoring comments from U.S. President Joe Biden, who said on Saturday that he won't veto the legislation, even if it comes through without the Democrat-favored reconciliation bill. Investors are also looking ahead to this Friday's jobs report for June, with economist estimating a substantial rise from its May reading. 

Continue reading for more on today's market, including:

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