Stocks end strong quarter on subdued note

|By:, SA News Editor

Stocks tilted mostly lower to start off the holiday-shortened week, even as the S&P 500 concluded its fifth straight month of gains and the biggest Q2 move higher since 2009.

The S&P and Dow briefly turned higher this morning after pending home sales showed a 6.1% advance in May to hit its highest level in eight months, but gains petered out.

The tech sector helped the Nasdaq to outperform the other major averages, as Micron surged 4.6% after being added to the Focus List at Credit Suisse.

Despite today's narrow trading ranges, participation was above average with nearly 800M shares changing hands at the NYSE.

Treasurys retreated early recovered over the course of the session; the 10-year note added five ticks with its yield slipping 2 bps to 2.52%.