The Dividend Cafe Thursday - June 20, 2024
We discuss the mixed performance in the stock market, where the Dow closed up nearly 300 points, while the S&P and NASDAQ saw slight declines
The Dividend Cafe · The Bahnsen Group
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Market Update: Mixed Indices and Economic Indicators
In this episode of Dividend Cafe, recorded on Thursday, June 20th, we discuss the mixed performance in the stock market where the Dow closed up nearly 300 points, while the S&P and NASDAQ saw slight declines. Key sector movements included a 2% rise in energy and a 1.4% drop in information technology. Jobless claims were slightly higher than expected at 238,000, and the Philly Fed index showed weaker-than-expected manufacturing numbers. Housing starts fell by 5.5% for the month, alongside disappointing building permit figures, suggesting potential impacts from interest rates and seasonal factors. Upcoming economic data include PMI and existing home sales. The episode wraps up with well wishes and an invitation for audience questions.
00:00 Welcome and Market Overview 00:27 Sector Movements and Jobless Claims 01:04 Economic Indicators and Housing Data 01:39 Upcoming Data and Conclusion
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com