Monday, the US stock market closed in mixed and ended the second quarter June with sharp losses backed by the surging crude oil prices and the continued weakness in the financial firms led to the belief about the economy and profits. Further the lack of key economic data also put the market on a reserved note.
The Dow Jones Industrial Average (DJIA) advanced by 3.50 points to close at 11,350.01. The S&P 500 (SPX) index increased by 1.62 points to close at 1,280 while the NASDAQ Composite (RIXF) fell 22.65 points to close at 2,292.98.
Among the Dow’s 30 components, 15 components ended in green mainly led the stocks like AT&T and Verizon up by 2.8% and 3.3% respectively. General Motors was among the Dow’s declining stocks down by 0.4%.
Crude oil futures for the month of August delivery closed lower by $0.21 at $140 per barrel on New York Mercantile Exchange. The crude prices rose to an all time high to $143.67 per barrel during the intraday trading mainly due to the the fresh ongoing tensions in the Middle East as Israel may attack Iran over its nuclear program and concern about Nigerian production followed by ongoing talk about U.S. government control over speculative trading in the commodities markets. But latter the crude prices slipped from the fresh record highs after the dollar strengthened against other currencies.
The gold prices for the month of August delivery slipped by $3 to settle at $928.30 an ounce on the New York Mercantile Exchange. The gold prices fell after the dollar weakens against its rival currencies and the crude prices slipped from the fresh record highs.
The Dow Jones Industrial Average (DJIA) advanced by 3.50 points to close at 11,350.01. The S&P 500 (SPX) index increased by 1.62 points to close at 1,280 while the NASDAQ Composite (RIXF) fell 22.65 points to close at 2,292.98.
Among the Dow’s 30 components, 15 components ended in green mainly led the stocks like AT&T and Verizon up by 2.8% and 3.3% respectively. General Motors was among the Dow’s declining stocks down by 0.4%.
Crude oil futures for the month of August delivery closed lower by $0.21 at $140 per barrel on New York Mercantile Exchange. The crude prices rose to an all time high to $143.67 per barrel during the intraday trading mainly due to the the fresh ongoing tensions in the Middle East as Israel may attack Iran over its nuclear program and concern about Nigerian production followed by ongoing talk about U.S. government control over speculative trading in the commodities markets. But latter the crude prices slipped from the fresh record highs after the dollar strengthened against other currencies.
The gold prices for the month of August delivery slipped by $3 to settle at $928.30 an ounce on the New York Mercantile Exchange. The gold prices fell after the dollar weakens against its rival currencies and the crude prices slipped from the fresh record highs.
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