crh_55 @crh_55: "𝗗𝗮𝗶𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 / 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗥𝗲𝗰𝗮𝗽 Friday,..."

United Kingdom

𝗗𝗮𝗶𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 / 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗥𝗲𝗰𝗮𝗽 Friday, 28th June, 2024 American equities ended June on a downbeat note as investors weighed recent economic releases. The $SPX500 retreated 0.4% after reaching an intraday high of 5,500, while the $NSDQ100 slipped 0.7% after briefly touching a record 19,980. The $DJ30 also shed 41 points. Economic data released on the same day offered some positive signals. The Federal Reserve's preferred inflation measure remained steady in May, potentially opening the door for a rate cut later in the year. Additionally, revised consumer sentiment data from the University of Michigan showed a significant upward swing, with inflation expectations lower than previously reported. Despite the encouraging economic news, communication services stocks led the decline. Shares of Alphabet, Meta, Netflix, and Walt Disney all fell by varying degrees. Conversely, energy and real estate sectors managed modest gains. Most large-cap companies closed lower, with Nvidia and Amazon experiencing slight losses. Looking at the broader market picture, the S&P 500 closed the month with a 2.9% gain. The Dow Jones managed a 0.7% increase, while the tech-heavy Nasdaq outperformed with a 4.9% monthly return. For the first half of 2024, the S&P 500 rose 15.1%, the Nasdaq surged 20%, and the Dow gained 3.7%. 𝘿𝙖𝙩𝙖: 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙀𝙘𝙤𝙣𝙤𝙢𝙞𝙘𝙨 Biggest movers in my portfolio: 🟢 $WAL (Western Alliance Bancorporation) (+3.12%) 🔴 $ENPH (Enphase Energy Inc.) (-5.25%)

5 Mentioned

SPX500

NSDQ100

DJ30

WAL

Western Alliance Bancorporation

ENPH

Enphase Energy Inc.