Stocks Rebound Into Close Ahead of Index Rebalancing Surge

By Staff,

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Stocks made a last-ditch effort and closed close higher on Friday after trading lower for most of the day as the annual Russell rebalancing fueled a last minute surge in volume and demand for equities. Wall Street was defensive for most of the day as recent developments in Iraq and the tenuous cease-fire in Ukraine overshadowed improved consumer sentiment and mostly upbeat earnings. Profit-taking into the end of Q2 as well as nagging worries that the economic recovery remains fragile weighed on prices.

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This article appears in: Investing Commodities
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