On Monday, U.S. stocks began the third quarter on a positive note , with bank shares leading a broad rally.
Bank of America (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM) helped lift the S&P 500 index, while Goldman Sachs (NYSE: GS) gave the biggest boost to the Dow Jones Industrial Average.
With the U.S. market closing early at 1700 GMT, trading volume is expected to be light. On Tuesday it will be shut down for Independence Day.
The Nasdaq Composite’s first-half gain was its best in eight years, while the S&P 500 scored its biggest gain for the first half of the year since 2013.
Peter Cardillo, the chief market economist at First Standard Financial said that “The start to the third quarter is getting off on a promising note as the futures point to a higher opening in pre-holiday volume,”
“On the domestic front, we look for mixed-to-positive manufacturing dta and a slight uptick in construction spending. In this abbreviated trading session, we look for positive market action as investors focus turns to the economy.”
In May, the Institute for Supply Management’s U.S. factory activity for June is expected to have increased to a reading of 55.1 from 54.9 in May.
Also in May, U.S. construction spending is likely to have rebounded 0.2 percent from a 1.4 percent dip recorded in April.
At 9:35 AM ET, the S&P 500 .SPX was p 11.64 points, or 0.48 percent, at 2435.05, and the Down Jones Industrial Average .DJI was up 96.62 points, or 0.45 percent at 21,446.25. The Nasdaq Composite .IXIC was up 31.27 points, or 0.51 percent, at 6,171.69.
After the luxury electric-car maker said it would deliver its mass-market Model 3 sedan to first 30 customers on July 28, Tesla Inc. (NASDAQ: TSLA) shares went up 2 percent.
After Berkshire Hathaway Inc. (NYSE: BRK.B) invoked its right to acquire 700 million shares of the bank, Bank of America edged up 0.9 percent, making it the lender’s top shareholder.
After the company said it would be bought by digital marketing company Red Ventures for $1.24 billion, Bankrate (RATE.N) jumped 9.3 percent.
8 Comments
fear of god
Jun 25, 2023 at 05 38 pmWould you be fascinated by exchanging hyperlinks?
fear of god http://www.fearofgod.us.com
off white hoodie
Jul 07, 2023 at 01 21 amA powerful share, I just given this onto a colleague who was doing a bit evaluation on this. And he in actual fact bought me breakfast because I discovered it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to debate this, I really feel strongly about it and love studying more on this topic. If potential, as you change into experience, would you thoughts updating your weblog with extra particulars? It is extremely useful for me. Massive thumb up for this weblog submit!
off white hoodie http://www.offwhiteoutlet.us.org
yeezy
Jul 11, 2023 at 09 13 pmThe following time I read a weblog, I hope that it doesnt disappoint me as a lot as this one. I imply, I know it was my choice to learn, but I actually thought youd have one thing fascinating to say. All I hear is a bunch of whining about one thing that you could fix in the event you werent too busy in search of attention.
yeezy http://www.yeezyshoesuk.com
bape clothing
Jul 13, 2023 at 11 45 amSpot on with this write-up, I really think this website needs much more consideration. I抣l probably be once more to learn rather more, thanks for that info.
bape clothing http://www.bapes.us.org
jordan shoes
Jul 14, 2023 at 06 21 amI was more than happy to seek out this net-site.I needed to thanks in your time for this wonderful learn!! I undoubtedly having fun with each little bit of it and I've you bookmarked to take a look at new stuff you weblog post.
jordan shoes http://www.cheapjordan.us
off white hoodie
Jul 15, 2023 at 06 59 pmSpot on with this write-up, I truly suppose this web site needs far more consideration. I抣l most likely be once more to learn far more, thanks for that info.
off white hoodie http://www.off-whitehoodie.com
golden goose sneakers
Jul 17, 2023 at 04 06 amYour place is valueble for me. Thanks!?
golden goose sneakers http://www.goldengooseshoes.us.org
off-white
Jul 18, 2023 at 10 02 amyou will have an important blog right here! would you wish to make some invite posts on my blog?
off-white http://www.off-whites.us