June Daily Review - 26/06
- Donald Herison
- English
- MARKETS NEWS
- Hits: 1295
U.S. stocks were mixed at the open on Friday ahead of a EuroGroup meeting about extending Greece's bailout program.
The Dow Jones industrial average (DJI) rose 58.02 points, or 0.32 percent, to 17,948.38, the S&P 500 (SPX) gained 1.9 points, or 0.09 percent, to 2,104.21 and the Nasdaq Composite (IXIC) dropped 4.17 points, or 0.08 percent, to 5,108.02.
The dollar held steadt against a basket of other major currencies on Friday, as investors eyed the release of U.S. consumer sentiment data later in the day and continued to focus on Greek debt talks.
The dollar found support after data on Thursday showed that U.S. personal spending rose by 0.9% in May, above expectations for a gain of 0.7%.
Crude oil futures fell to one-week lows on Friday, as the U.S. dollar remained supported by the previous session's upbeat U.S. data and amid growing concerns over the outcome of Greek debt negotiations.
The U.S. dollar rose against its Canadian counterpart on Friday, as Thursday's upbeat U.S. data continued to support the greenback and investors continued to focus on Greek debt talks.
USD/CAD hit 1.2397 during early U.S. trade, the session high; the pair subsequently consolidated at 1.2380, gaining 0.46%.
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