US stocks rose today driven by gains in the technology and energy sectors. The Federal Reserve Board announced that all 34 banks tested passed the first round of this year's stress test. Next week the Fed will announce whether or not each bank receives approval to return additional capital to shareholders by way of dividends and/or share buybacks. In economic news, new home sales units came in higher than expected and rose month over month. U.S. bonds rose today. The Dow Jones Industrial Average rose 11 points, or 0.05%, for the week.
The Dow Jones Industrial Average* was down 3 points to 21,395
The Standard & Poor's 500 Index was up 4 points or 0.1% to 2,438
The NASDAQ Composite Index was up 29 points or 0.5% to 6,265
The 30-year Treasury yield closed lower at 2.71% And the 10-year Treasury yield finished lower at 2.14%
The spot price of gold rose $5.42 to $1,256
And the price of crude oil rose $0.35 to $43.09
See our Weekly Market Update.
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