BartDay
  • Economy
    • Business
    • Politics
  • Cryptocurrency
  • Investing
    • Banking
    • Forex
    • Financial Services
  • Markets
    • Capital Markets
    • Emerging Markets
  • People
    • Consumer & Retail
    • Health
    • Opinion
  • Environment
    • Energy
    • Industrials
    • Manufacturing
  • Technology
    • Learning
    • Auto & Transportation
    • Data
    • Science
    • Telecommunications
  • Featured
  • About
  • Economy
    • Business
    • Politics
  • Cryptocurrency
  • Investing
    • Banking
    • Forex
    • Financial Services
  • Markets
    • Capital Markets
    • Emerging Markets
  • People
    • Consumer & Retail
    • Health
    • Opinion
  • Environment
    • Energy
    • Industrials
    • Manufacturing
  • Technology
    • Learning
    • Auto & Transportation
    • Data
    • Science
    • Telecommunications
  • Featured
  • About
BartDay
BartDay
  • Economy
    • Business
    • Politics
  • Cryptocurrency
  • Investing
    • Banking
    • Forex
    • Financial Services
  • Markets
    • Capital Markets
    • Emerging Markets
  • People
    • Consumer & Retail
    • Health
    • Opinion
  • Environment
    • Energy
    • Industrials
    • Manufacturing
  • Technology
    • Learning
    • Auto & Transportation
    • Data
    • Science
    • Telecommunications
  • Featured
  • About

U.S. Stocks Continue To Turn In Mixed Performance

  • July 1, 2021
  • 3 minute read
Total
0
Shares
0
0
0
0

Stocks continue to turn in a mixed performance in afternoon trading on Thursday after moving in opposite directions earlier in the session. The S&P 500 reached a new record intraday in early trading, while the tech-heavy Nasdaq pulled back into negative territory.

Currently, the major averages are lingering on opposite sides of the unchanged line. While the Nasdaq is down 39.91 points or 0.3 percent at 14,464.04, the Dow is up 81.93 points or 0.2 percent at 34,584.44 and the S&P 500 is up 13.34 points or 0.3 percent at 4,310.84.


Partner with bartday.com. Kindly head here.


From our partners:

CITI.IO :: Business. Institutions. Society. Global Political Economy.
CYBERPOGO.COM :: For the Arts, Sciences, and Technology.
DADAHACKS.COM :: Parenting For The Rest Of Us.
ZEDISTA.COM :: Entertainment. Sports. Culture. Escape.
TAKUMAKU.COM :: For The Hearth And Home.
ASTER.CLOUD :: From The Cloud And Beyond.
LIWAIWAI.COM :: Intelligence, Inside and Outside.
GLOBALCLOUDPLATFORMS.COM :: For The World's Computing Needs.
FIREGULAMAN.COM :: For The Fire In The Belly Of The Coder.
ASTERCASTER.COM :: Supra Astra. Beyond The Stars.
BARTDAY.COM :: Prosperity For Everyone.


The mixed performance on Wall Street comes as traders look ahead of the release of the Labor Department’s closely watched monthly employment report on Friday.

Economists currently expect the report to show employment jumped by 690,000 jobs in June after surging up by 559,000 jobs in May. The unemployment rate is expected to dip to 5.7 percent from 5.8 percent.

A day ahead of the release of the monthly jobs report, the Labor Department released a report this morning showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 26th.

The report said initial jobless claims slid to 364,000, a decrease of 51,000 from the previous week’s revised level of 415,000.

Economist had expected jobless claims to dip to 393,000 from the 411,000 originally reported for the previous week.

With the bigger than expected decrease, jobless claims fell to their lowest level since hitting 256,000 in the week ended March 14, 2020.

Meanwhile, a separate report released by the Institute for Supply Management showed a modest slowdown in the pace of growth in U.S. manufacturing activity in the month of June.

The ISM said its manufacturing PMI slipped to 60.6 in June from 61.2 in May, although a reading above 50 still indicates growth in the manufacturing sector. Economists had expected the index to edge down to 61.0.

The Commerce Department also released a report showing an unexpected decrease in construction spending in the month of May.

Sector News

Reflecting the lackluster performance by the broader markets, most of the major sectors continue to show only modest moves on the day.

Energy stocks continue to see substantial strength, however, with a sharp increase by the price of crude oil contributing to the strength in the sector. Crude for August delivery is currently jumping $2.04 to $75.51 a barrel.

Reflecting the strength in the energy sector, the Philadelphia Oil Service Index has spiked by 4.1 percent, the NYSE Arca Oil Index is up by 2.8 percent and the NYSE Arca Natural Gas Index is up by 1.8 percent.

Interest rate sensitive housing, utilities and commercial real estate stocks are also seeing notable strength in afternoon trading.

On the other hand, semiconductor stocks have come under pressure over the course of the session, dragging the Philadelphia Semiconductor Index down by 1.6 percent. The index is pulling back further off Tuesday’s record closing high.

Micron Technology (MU) has helped lead the sector lower despite reporting better than expected quarterly results and provided upbeat guidance.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Thursday. Japan’s Nikkei 225 Index fell by 0.3 percent, while China’s Shanghai Composite Index edged down by 0.1 percent.

Meanwhile, the major European markets moved to the upside on the day. While the U.K.’s FTSE 100 Index jumped by 1.3 percent, the French CAC 40 Index advanced by 0.7 percent and the German DAX Index rose by 0.5 percent.

In the bond market, treasuries are giving back ground after yesterday’s advance. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 3.7 basis points at 1.480 percent.

For comments and feedback contact: [email protected]

Business News

BartDay

Related Topics
  • stock market
  • Stocks
  • USA
You May Also Like
college-of-cardinals-2025
Read More
  • 1 min
  • Featured

The Definitive Who’s Who of the 2025 Papal Conclave

  • May 7, 2025
conclave-poster-black-smoke
Read More
  • 4 min
  • Featured
  • World Events

The World Is Revalidating Itself

  • May 6, 2025
Read More
  • 1 min
  • Featured
  • People

Conclave: How A New Pope Is Chosen

  • April 25, 2025
Read More
  • 4 min
  • Featured
  • World Events

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • March 25, 2025
zedreviews-Apple-iPhone-16-Pro-finish-lineup-240909
Read More
  • 12 min
  • Featured
  • Gears
  • Technology

Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

  • September 10, 2024
zedreviews-Apple-iPhone-16-Apple-Intelligence-240909
Read More
  • 12 min
  • Featured
  • Gears
  • Technology

Apple introduces iPhone 16 and iPhone 16 Plus

  • September 10, 2024
zedreviews-Apple-AirPods-Active-Noise-Cancellation-240909
Read More
  • 8 min
  • Featured
  • Gears
  • Technology

Apple introduces AirPods 4 and the world’s first all-in-one hearing health experience with AirPods Pro 2

  • September 10, 2024
zedreviews-Apple-health-2-up-240909
Read More
  • 9 min
  • Featured
  • Gears
  • Technology

Apple introduces groundbreaking health features to support conditions impacting billions of people

  • September 10, 2024
  • The Summer Adventures : Hiking and Nature Walks Essentials
    • June 2, 2025
  • Gemma 3n
    Announcing Gemma 3n preview: powerful, efficient, mobile-first AI
    • May 22, 2025
  • oracle-ibm
    Google Cloud and Philips Collaborate to Drive Consumer Marketing Innovation and Transform Digital Asset Management with AI
    • May 20, 2025
  • college-of-cardinals-2025
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 7, 2025
  • conclave-poster-black-smoke
    The World Is Revalidating Itself
    • May 6, 2025
about
Unleash Your Financial Potential With Us

BartDay is your all-in source of information for market insights, finance news, investing, trading, and more.

Data and information is provided “as is”. BartDay and any of its information service providers or third party sources is not liable for loss of revenues or profits and damages.

For comments, suggestions, or sponsorships, you may reach us at [email protected]
  • 1
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 2, 2025
  • Gemma 3n 2
    Announcing Gemma 3n preview: powerful, efficient, mobile-first AI
    • May 22, 2025
  • oracle-ibm 3
    Google Cloud and Philips Collaborate to Drive Consumer Marketing Innovation and Transform Digital Asset Management with AI
    • May 20, 2025
  • college-of-cardinals-2025 4
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 7, 2025
  • conclave-poster-black-smoke 5
    The World Is Revalidating Itself
    • May 6, 2025
BartDay
  • Economy
  • Cryptocurrency
  • Investing
  • Markets
  • People
  • Environment
  • Technology
  • Featured
  • About
Unleash Your Financial Potential With Us

Input your search keywords and press Enter.