Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (83524)	6/24/2019 4:30:47 PM
From: Return to Sender	1 Recommendation Recommended By Sam Read Replies (1) \| Respond to of 95531

S&P 500 closes slightly lower in mixed session 24-Jun-19 16:20 ET Dow +8.41 at 26727.54, Nasdaq -26.01 at 8005.69, S&P -5.11 at 2945.35 briefing.com [BRIEFING.COM] The S&P 500 declined 0.2% on Monday, finishing near session lows in a day that showed little conviction from investors. With big gains already registered in June and the G-20 summit set to begin at the end of the week, the broader market appeared content trading little changed for most of the session. The Dow Jones Industrial Average (+0.03%) finished fractionally higher, while the Nasdaq Composite lost 0.3%. The Russell 2000 underperformed with a loss of 1.3%. President Trump and President Xi are expected to partake in an extended meeting at G-20, which many see as a potential market-moving event. Although many analysts aren't expecting a swift resolution to the trade dispute this weekend, there is still optimism that progress can be made. It was a mixed session with six S&P 500 sectors finishing lower and five finishing higher. The energy sector (-0.9%) gave back some of its gains from last week, while the consumer discretionary sector (-0.5%) was dragged lower by many stocks within the SPDR S&P Retail ETF (XRT 41.67, -0.65, -1.5%). The materials (+0.5%), consumer staples (+0.3%), and information technology (+0.2%) sectors provided offsetting support. The health care sector (-0.5%) was pressured by the insurance and hospital stocks after President Trump signed an executive order to make health care costs more transparent to patients. Shares of Bristol-Myers (BMY 45.68, -3.66, -7.4%) also underperformed amid a host of negative news, one of which included an announcement that its acquisition of Celgene (CELG 93.47, -5.44, -5.5%) will be pushed back to the end of 2019 or beginning of 2020. On a related note, President Trump signed a separate executive order, hitting Iran with new sanctions after it shot down a U.S. military last week. Market reaction was muted, as President Trump already indicated last week that more sanctions were coming. In M&A news, Caesars Entertainment (CZR 11.44, +1.45, +14.5%) confirmed it will be acquired by Eldorado Resorts (ERI 45.77, -5.45, -10.6%) for $12.75/share in cash and stock, or approximately $8.6 billion. U.S. Treasuries finished on a higher note, pushing yields lower across the curve. The 2-yr yield declined four basis points to 1.74%, and the 10-yr yield declined five basis points to 2.02%. The U.S. Dollar Index declined 0.2% to 96.00 for its fourth consecutive decline. WTI crude increased 0.8% to $57.82/bbl. Investors did not receive any economic data on Monday. On Tuesday, investors will receive New Home Sales for May, the Conference Board's Consumer Confidence Index for June, the FHFA Housing Price Index for April, and the S&P Case-Shiller Home Price Index for April. Nasdaq Composite +20.7% YTD S&P 500 +17.5% YTD Russell 2000 +13.5% YTD Dow Jones Industrial Average +14.6% YTD