The first reading on activity in the month of June, the Empire Manufacturing Index, a measure of manufacturing in New York, declined from -4.55 to -9.41, versus the estimate that called for a contraction of -4.60. Shipments dropped into negative territory, falling from 1.29 in May to -4.84 in June, while inventories also worsened. Details from Bloomberg...
The Dow Jones Industrial Average dropped 187 points (2.1%) to close at 8,612, the S&P 500 Index lost 22 points (2.4%) to 924, and the Nasdaq Composite fell 42 points (2.3%) to 1,816. Crude oil lost $1.42 to $70.62 per barrel, and gold lost $11.45 to $927.85 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
