U.S. Afternoon Market Commentary
July 7, 2015
3:30 p.m. CT
U.S. stocks reversed early losses to close higher despite concerns of a slowdown in China, and as European leaders met to discuss Greece's strained finances. On the domestic front, the U.S. trade deficit widened in May with a drop in exports as U.S. firms struggle to sell their products in foreign markets. Other data showed job openings unexpectedly rose in May, a further sign the labor market is continuing to improve. U.S. bond prices rose with demand for the relative safety of U.S debt.
Looking at the S&P 500,
The best-performing sector was: Utilities
While the worst-performing sector was: Basic Materials
The Dow Jones Industrial Average* was up 93.33 at 17,776.91
The Standard & Poor's 500 Index was up 12.58 at 2,081.34
The NASDAQ Composite Index was up 5.52 at 4,997.46
Volume on the New York Stock Exchange was moderate, with 941.10 million shares traded.
Advancers outnumbered decliners by roughly a 4 - to - 3 margin.
In commodity markets,
The spot price of gold fell $15.38 to $1,154.97
The spot price of silver fell $0.67 to $15.08
And crude oil prices rose $0.44 to $52.97
In the bond market,
The 30-year Treasury yield closed at 3.04%
And the 10-year Treasury yield finished at 2.26%
* The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2015 is proprietary to Dow Jones & Company, Inc.