Stocks reverse early losses to end slightly higher


A late afternoon push helped stock indexes achieve modest gains, as another day of subdued trading received a big boost at the close from rebalancing of the Russell indices; thanks to the final surge, nearly 1.5B shares changed hands at the NYSE.

Tech, consumer discretionary, financials and industrials contributed most to the afternoon move to session highs.

For the week, the S&P 500 and Dow ended marginally lower after disappointing readings on Q1 economic growth and May consumer spending, while the Nasdaq outperformed the other leading indexes to record a second straight weekly gain.

Treasurys finished the session little changed, with the 10-year yield at 2.53%.

Comments (3)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Yellen (OZ) put a big buy order in this afternnoon to make sure everyone made $$$ today so they could go out and spend some $$ this weekend. If the market goes down, the consumer is screwed! She knows ALL!
    27 Jun 2014, 04:27 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1339) | Send Message
     
    Thanks for contributing! Come back when you have something meaningful to add.
    28 Jun 2014, 10:41 AM Reply Like
  • Patent News
    , contributor
    Comments (1464) | Send Message
     
    those types of yokels dominate the interwebs with dumb comments. always proclaiming everyone else is dumb except for a tiny elite of shorts losing $$$ on their positions == 'the ZEROHEDGE crowd'
    29 Jun 2014, 11:10 AM Reply Like
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