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Symbols
Symbols
Price
Change
% Change
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Open
High
Low
Volume
Mkt Cap
SIXV
Health care
SIXV
Health care
SIXV
+3.16%
1,624.47
+49.78
+3.16%
—1,574.691,576.061,625.171,576.06——
SIXT
Technology
SIXT
Technology
SIXT
-1.65%
3,656.35
-61.36
-1.65%
—3,717.713,652.313,689.053,622.12——
SIXI
Industrials
SIXI
Industrials
SIXI
-1.53%
1,829.65
-28.51
-1.53%
—1,858.161,848.321,848.321,825.25——
SIXRE
Real estate
SIXRE
Real estate
SIXRE
+1.51%
222.78
+3.31
+1.51%
—219.47219.47222.94219.47——
SIXY
Discretionary
SIXY
Discretionary
SIXY
+1.26%
2,320.32
+28.82
+1.26%
—2,291.502,287.602,334.462,287.60——
US market summary
Inflation data reinforces Federal Reserve hawkishness
The Personal Consumption Expenditures (PCE) price index rose to a three-year high of 4.1% annually in May, with the core rate hitting 3.4%. While these figures largely met consensus estimates, they bolstered recent statements from Fed officials suggesting a potential interest rate hike later this year rather than previously anticipated cuts.
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Treasury yields and oil prices retreat from recent peaks
The yield on the 10-year Treasury note fell to 4.37% on Friday, reflecting its longest streak of declines since late May. This easing in borrowing costs coincided with a significant drop in crude oil prices, which fell below $70 a barrel for the first time since the start of the Iran conflict as shipping traffic resumed through the Strait of Hormuz.
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Nasdaq volume hits record during Russell rebalancing
Trading activity surged on Friday as the Nasdaq Closing Cross facilitated the semi-annual rebalancing of the Russell US Indexes. A record 4.6 billion shares, valued at over $334 billion, were executed in less than two seconds, marking the largest liquidity event on the exchange for this annual reconstitution.
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