This week was full of Wall Street milestones as the combination of a dovish Federal Reserve and tensions in the Middle East sent shockwaves across financial markets.
 | FRI, JUN 21, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | CSCO | 57.03 | -0.38 | -0.66% | | AAPL | 198.78 | -0.68 | -0.34% | | MSFT | 136.97 | +0.02 | +0.01% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 29.10 | -0.91 | -3.03% | | CSCO | 57.03 | -0.38 | -0.66% | | GE | 10.49 | -0.14 | -1.32% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 29.10 | -0.91 | -3.03% | | CSCO | 57.03 | -0.38 | -0.66% | | SIRI | 5.60 | -0.14 | -2.44% | |
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This week was full of Wall Street milestones as the combination of a dovish Federal Reserve and tensions in the Middle East sent shock waves across financial markets. CNBC's Fred Imbert looked at the laundry list of gains: the S&P 500 notched a new all-time high Friday, helped by the energy and tech sectors. Gold broke above $1,400 per ounce for the first time since 2013 with its best weekly gain in three years. Treasury prices went through the roof this week, depressing yields, with the benchmark 10-year yield breaking below the key psychological 2% mark for the first time since November 2016. The U.S. dollar saw its biggest weekly drop since 2018. Oil was also a winner. West Texas Intermediate futures saw their biggest weekly gain since December 2016 with a 9% rally.  As of Friday, the S&P 500 was on track for its best first half in 22 years, CNBC's Patti Domm reports in her week-ahead preview. Heading into next week, all eyes are on the fate of U.S.-China trade talks that could set the tone for markets and the economy in the back half of the year. The highly anticipated G-20 meeting in Osaka, Japan, kicks off next Friday. President Donald Trump and Chinese President Xi Jinping are expected to have their own dinner meeting at the summit, following discussions between their trade representatives. That meeting could decide how trade negotiations go forward, and whether the U.S. proceeds with another round of tariffs, this time on $300 billion in goods. Besides the Trump-Xi meeting, the market focus will be on anything that could provide clues as to what the Fed or even the European Central Bank will do, after ECB President Mario Draghi last week essentially promised a new era of easing. Consumer price inflation data is expected for the euro zone, and on Friday, U.S. personal consumption expenditure data is scheduled to be released, including the PCE deflator, a major inflation indicator for the Fed, Domm reports. |
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