Market roundup for July 1
SAN JUAN — The U.S. stock market ended mixed on the first trading day of the third quarter, and positive economic data and news of a possible coronavirus vaccine seems to have lifted investor sentiment. Additionally, U.S. Total Private Payrolls reported rising to 111.73 million, up from 108.64 million, or 2.85% last month, while still down from the 128.03 million one year ago. Also, the U.S. I.S.M. Manufacturing PMI reported rising to 52.60, up 22.04% from 43.10 last month and higher than the 51.70 registered one year ago.
Finally, one of Wall Street’s bellwethers, FedEx (F.D.X.), led most stocks as total revenues rose to $17.5 billion from $17 billion in the year-ago quarter. Analysts’ had forecast revenue of $16.89 billion. FedEx stock rose $16.88, closing at $156.40, or up 11.54%, after benefiting from consumers’ shift to online shopping.
- The Dow Jones Industrial Average closed at 25,734.97, down 77.91 points, or 0.30%.
- The Standard & Poor’s 500 closed at 3,115.86, up 15.97 points, or 0.50%.
- The Nasdaq closed at 10,154.63, up 95.86 points, or 0.95%.
- The Birling Puerto Rico Stock Index closed at 1,473.37, up 23.15 points, or 1.6%.
- The U.S Treasury 10-year note closed at 0.69%.
- The U.S. Treasury 2-year note closed at 0.17%.