The Commerce department said that wholesale inventories fell 0.8% in May, a smaller decline than the consensus, which called for a 1.0% drop, and last month's 1.4% decline was favorably revised to a 1.3% drop. The decline in inventories at the wholesale level was the ninth-straight monthly decline.
The Dow Jones Industrial Average rose 5 points (0.1%) to close at 8,183, the S&P 500 Index increased 3 points (0.4%) to 883, and the Nasdaq Composite advanced 4 points (0.2%) to 1,751. Crude oil increased $0.24 to $60.38 per barrel, and gold gained $3.13 to $912.63 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
