The Dow added 131 points for the day
| |  7/01/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | S&P 500 Snags Sixth-Straight Record Close | By: Laura McCandless | | The Dow gained 131 points today, with stocks starting off the second half of the year strong, while the S&P 500 nabbed its sixth-straight record close, and the Nasdaq finished modestly higher, erasing its earlier losses. Upbeat jobs data sent a jolt of optimism into the market right off the bat this morning, with initial weekly jobless claims coming in at a much lower-than-expected 364,000 -- a new pandemic-era low. Meanwhile, the Institute for Supply Management's (ISM) manufacturing index reading of 60.6 for June was roughly in line with estimates, and the Congressional Budget Office added to its U.S. deficit predictions for the year, while also foreseeing economic growth. Continue reading for more on today's market, including: - The 25 stocks investors should drop in July.
- MKC's beat-and-raise had options bulls swarming.
- Plus, California utility company seeks billions; GSK's potential leadership shake-up; and why WBA dropped after earnings.
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