Stock Market News For June 27, 2017
Zacks Investment Research | Jun 26, 2017 10:47PM ET
Gain in utilities and telecom stocks led the Dow and the S&P 500 to finish in the green on Monday. Moreover, financials were boosted by bank shares following news that the Italian government decided to close two of its struggling regional banks, Popolare di Vicenza and Veneto Banca. Additionally investors kept a close watch on comments made by several Fed officials.
Meanwhile, continued overvaluation concerns weighed on major tech stocks, which in turn led the tech-based Nasdaq finish in negative territory. Additionally, investors digested weaker than anticipated durable-goods orders data.
For a look at the issues currently facing the markets, make sure to read today’s Zacks Investment Research
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