17June2022 Market Close & Major Financial Headlines: Wall Street Seesaws Through Friday’s Session And Closes In The Green, We’re Off This Monday For The Juneteenth Freedom Day Holiday
Summary Of the Markets Today:
- The Dow closed down 42 points or 0.14%,
- Nasdaq closed up 1.43%,
- S&P 500 closed up 0.21%,
- WTI crude oil settled at $110, down 6.33%,
- USD $104.80 up 1.00%,
- Gold $1838 down 2.20%,
- Bitcoin $20475 down 2.00% – Session Low 20232,
- 10-year U.S. Treasury down 0.07% / 3.335%
- Baker Hughes Rig Count: U.S. +7 to 740 Canada +15 to 156
Today’s Economic Releases:
Industrial Production grew 5.8% year-over-year in May 2022 – down slightly from last month’s 6.3% year-over-year growth. The manufacturing portion of industrial production growth likewise slowed.
The Philadelphia Fed’s Livingston Survey is published twice a year, in June and December – and is the oldest survey of economists’ expectations. The June 2022 survey forecasts a much lower rate of economic growth.
A summary of headlines we are reading today:
- U.S. Drillers Add 7 Rigs Amid Oil Price Slide
- SpaceX fires at least 5 employees over an internal letter criticizing CEO Elon Musk
- Hawkish Fed Sparks Dow’s Worst Streak Ever; Crypto, Crude, & Credit Crushed
- Kemp: White House Tries To Blame US Refiners For Its Own Overheating Error
- Housing Crash Imminent: As Mortgage Rates Explode Price Cuts Soar And Buyer Demand Collapses
These and other headlines and news summaries moving the markets today are included below.
