The Philly Fed’s Business Activity Index showed that manufacturing activity in the mid-Atlantic contracted for the seventh straight month, and fell from -15.6 in May to a worse-than-expected -17.1 in June. The estimate called for an improvement to -10.0. Pricing pressures intensified, with prices paid rising from 53.8 to 69.3, the highest reading in nearly 28 years. Details from Bloomberg...
The Dow Jones Industrial Average gained 34 points (0.3%) to close at 12,063, the S&P 500 Index rose 5 points (0.4%) to 1,343, while the Nasdaq Composite jumped 32 points (1.3%) to 2,462. Crude oil fell $4.75 to $131.93 per barrel, and gold ended up $7.00 at $897.90 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
