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Stock market news for June 29, 2020

Latest stock market news for June 29, 2020. The US stock market closed higher ignoring the fears about the second wave of coronavirus outbreak. Dow Jones gained more than 580 points, S&P 500 rose more than 40 points.

Stock market close on June 29, 2020

S&P 500: 3,053.26,+44.21(+1.47%)
Dow 30: 25,595.80,+580.25(+2.32%)
Nasdaq: 9,874.15,+116.93(+1.20%)
Russell 2000: 1,411.35,+32.57(+2.36%)

Stock market volatility

The CBOE Volatility Index (VIX) closed at 31.78-2.95 (-8.49%).

Economic news

US Pending Home Sales for the month of May 2020 came in at 44.3% beating the estimate of 18.9%. The previous figure was -21.8%.

Stock movers

Boeing was a stock mover with its stock closing at 194.49,+24.48 (+14.40%). News that certification test flights for grounded 737 MAX airplanes started sent BA stock higher.

BA stock chart
BA stock chart

Source: Stockscharts

Stock market news, stocks that moved on June 29, 2020.

Stock gainers

Puhui Wealth Investment Management Co. Ltd. (PHCF): 8.08,+ 2.68 +49.63%
Workhorse Group Inc. (WKHS): 14.51 +4.61 +46.57%
Landcadia Holdings II Inc. Cl A (LCA): 14.40,+ 4.31 +42.72%

Stock losers

Cleveland BioLabs Inc. (CBLI): 2.45, -1.81 -42.49%
Intercept Pharmaceuticals Inc. (ICPT): 46.70, -30.79 -39.73%
Concrete Pumping Holdings Inc. (BBCP): 3.66, -1.82 -33.21%

Most active stocks

Workhorse Group Inc. (WKHS): 14.51,+ 4.61 +46.57%
American Airlines Group Inc. (AAL): 13.32,+ 0.94 +7.59%
Boeing Co. (BA): 194.49, +24.48 +14.40%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

All sectors closed higher. The Industrials sector had the best performance +3.19%, while the Health Care sector had the worst performance +0.85%.

U.S. Sectors & Industries Performance for June 29, 2020
U.S. Sectors & Industries Performance for June 29, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.


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