S&P 500 FINANCIALS INDEX
| Value 165.57 | Change 0.73 | % Change 0.3% |
The MLP index dropped 3, probably on profit taking. REITs & junk bond funds were pretty much even. Oil was little changed in the 68s on a lack of news.
Alerian MLP Index --- 2 weeks
The president was trying to talk up the economy but had to admit it has a "long way to go." He announced 10 projects aimed at accelerating job creation, to create 600K new jobs. Construction equipment manufacturers, Caterpillar (CAT) & Deere (DE), are among companies that may benefit (each is down more than 1).
Traders were disappointed in the sales report for McDonald's (MCD), Dow stock & Dividend Aristocrat. May same store sales rose 2.8% in the US, below expectations of 3.8%. Global sales were stronger, up 5.1%. The stock dropped 1¼ on the report, in what has been a sluggish year for the stock.
•McDonald's Shares Fall After May U.S. Sales Trail Estimates at 2.8% Growth
McDonald's --- 1 year
Today's pause for the markets could be expected. But it's also another day the Dow failed to crack thru its ceiling to break into the black for the year.
Dow Jones Industrials --- 2 weeks
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