EUR/USD
1.14251
0.339%
Gold
4017.00
-1.339%
Oil
70.339
1.373%
USD/JPY
161.935
0.114%
GBP/USD
1.32606
0.474%
GBP/JPY
214.740
0.589%
Real-time News
The Dow Jones Industrial Average rose 305.97 points, or 0.59%, to close at 52,182.08 on Monday, June 29; the S&P 500 rose 86.34 points, or 1.17%, to close at 7,440.36; and the Nasdaq Composite rose 522.53 points, or 2.07%, to close at 25,820.14.On June 30th, Paul Ziana, head of technical research at Bank of America, stated that investors should hedge against further rallies in the S&P 500 and prepare for a potential "three-wave correction" in the coming months. Ziana wrote that the S&P 500 has risen nearly 17% since its March lows, but the rally has shown signs of fatigue since the benchmark index hit its recent peak on June 2nd. He indicated that the S&P 500 could fall to 6850 points, a drop of approximately 7.6% from current levels. Ziana stated, "The post-Iran ceasefire rally is becoming increasingly volatile as the risk of a correction accumulates." He added that price action appears "overstretched" and momentum is deteriorating, therefore a "defensive stance" should be adopted between July and September.June 30th - U.S. stocks closed Monday with the Dow Jones Industrial Average up 0.59%, the S&P 500 up 1.1%, and the Nasdaq Composite up 2.07%. Western Digital (WDC.O) rose 11%, Seagate Technology (STX.O) rose over 7%, SpaceX (SPCX.O) rose 7%, Micron Technology (MU.O) rose 1%, and Nvidia (NVDA.O) rose 1%. The Nasdaq China Golden Dragon Index closed up 1.4%, and Baidu (BIDU.O) rose over 7%.Morgan Stanley (MS.N) has priced a $350 million 6.10% note issuance for its direct lending fund, maturing to 2031. The company stated that the net proceeds from the issuance will be used to repay existing secured debt.US President Trump: Oil prices have fallen sharply.
