Investing.com - U.S. stocks rose on Friday on market
expectations for interest rates to remain low for the foreseeable
future, though end-of-quarter profit taking and a DuPont profit
revision watered down gains
At the close of U.S. trading, the Dow 30 rose 0.03%, the S&P
500 index rose 0.19%, while the NASDAQ Composite index rose
The Volatility S&P 500 index, which measures the outlook for
market volatility, was down 3.18% at 11.26.
On Thursday, St. Louis Federal Reserve President James Bullard
told Fox Business Network that an improving economy may make
conditions ripe for interest rates to rise possibly in early
Stocks fell on the news, though investors digested Bullard's
comments and took them in stride, as he is a known inflation hawk
and is a non-voting member of the Federal Open Market Committee,
which sent share prices rising on Friday
Better-than-expected earnings from shoemaker Nike Inc (NYSE:NKE)
pushed up equities as did upbeat U.S. data.
The revised Thomson Reuters/University of Michigan consumer
sentiment index rose to 82.5 in June from 81.2 in May, beating
expectations for a 82.2 reading.
Typical end-of-quarter selling capped gains, however.
Elsewhere, Dupont Fabros Technology Inc (NYSE:DFT) trimmed its
operating profit outlook for the second quarter and full year,
which also dampened spirits.
Leading Dow Jones Industrial Average performers included
Microsoft Corporation (NASDAQ:MSFT), up 0.76%, Nike Inc (NYSE:NKE),
up 0.65%, and Walt Disney Company (NYSE:DIS), up 0.49%.
The Dow Jones Industrial Average's worst performers included
Dupont Fabros Technology Inc (NYSE:DFT), down 3.34%, Merck &
Company Inc (NYSE:MRK), down 1.71%, and Exxon Mobil Corporation
(NYSE:XOM), down 0.80%.
European indices, meanwhile, ended the day mixed.
After the close of European trade, the DJ Euro Stoxx 50 fell
0.14%, France's CAC 40 fell 0.06%, while Germany's DAX rose 0.10%.
Meanwhile, in the U.K. the FTSE 100 rose 0.34%.
offers an extensive set of professional tools for the financial
Read more News on Investing.com and download the new
Investing.com Stocks & Forex App