Market Week: June 21, 2021
Stocks opened the week with mixed returns: The Dow, the Russell 2000, and the Global Dow lost value, while the Nasdaq and the S&P 500 rose. Tech shares and consumer services closed higher, while financials and materials fell. Anticipating the Federal Open Market Committee meeting later in the week, investors may have been waiting for cues from the FOMC on its inflation outlook. Yields on 10-year Treasuries advanced. Crude oil prices pushed passed $71.00 per barrel. The dollar was mixed to lower.
