Daily Chart Report ? Friday, June 11th, 2021

Today’s Summary
Friday, June 11th, 2021

Indices: US Stocks closed higher in today’s session. The Dow was flat, ticking up just 13 points or 0.04%. The S&P 500 inched higher by 0.19% to close at a record high. The Nasdaq gained 0.35%. The Russell 2000 outperformed, rising 1.06%.

Sectors: 8 of the 11 sectors closed higher. Financials led, rising 0.64%. Health Care lagged, falling 0.71%.

Commodities: Crude Oil futures moved higher by 0.70% to $70.78 per barrel. Gold futures dropped 0.89% to $1,880 per ounce.

Currencies: The US Dollar Index gained 0.50%.

Interest Rates: The 10-year US Treasury yield rose to 1.457%.

Here are the best charts, articles, and ideas being shared on the web today!

Chart of the Day

Today’s Chart of the Day was shared by Andrew Thrasher (@AndrewThrasher). It’s a chart of the S&P 500 over the past two decades, along with the percentage of S&P 500 stocks at new 20-day lows. The S&P 500 closed at an all-time high for the first time in over a month yesterday. However, Andrew points out that more than 15% of stocks within the index made new 20-day lows. We haven’t seen that many new lows while the S&P 500 is at a record high in more than 20 years. In other words, we’re starting to see some signs of weakness develop under the surface despite new highs in the broader market.

Quote of the Day

“When people talk, listen completely. Most people never listen.”

– Ernest Hemingway