ICYMI! Stock Market Weekly Recap. May 29- June 1, 2018


20-Jun-2018 18:29 PM



In case you missed it, the U.S. weekly stock market news and economy recap.

Monday- U.S. stock market closed.

Tuesday stocks sold off due to political drama in Italy.  Notable big losers are from the financial sector. Dow Jones closed -391.64 points, SPY -1.15%, QQQ -0.44%, IWM -0.14%, IBB -0.45%.

  • Goldman Sachs Group Inc (GS) stock down -3.40% closed at $227.03
  • JPMorgan Chase & Co closed down -4.27% to $105.93
  • Bank of America Corp (BAC) closed own -3.98% to $28.96
  • Booking Holdings Inc (BKNG) down -1.64% to $2,076.03
  • Acom International, Inc (ATV) stock rallied to pay a special dividend of $14.97 per ADS . Stock up +31.86%.

Wednesday the Italy bonds pass auction test. The U.S. 1Q GDP grew at 2.2%, revised from 2.3%. Dow Jones closed +306.33 points,  SPY +1.33%, QQQ +0.72%, IWM +1.58%, IBB +1.34% over 200 sma.

  • AbbVie Inc (ABBV) preliminary results of the modified Dutch auction tender offer, 75,743,313 at $105 per share
  • Dick's Sporting Goods Inc (DKS) earnings report beat Q1 diluted EPS 59c vs 45c, revenue $1.9B vs $1.88B. Stock up +25.82%, close at $38.35
  • Inc (CRM) earnings report
  • Tesla Inc (TSLA) and Lyft entered into an agreement.  Stock up +2.81% closed at $291.72

Thursday economic data U.S. personal Spending 0.6% vs 0.4%,  Initial Jobless Claims 221k vs 234k.  The U.S. announced tariffs on EU and Mexico. The tariffs on steel and aluminum imports from EU, Canada, and Mexico. Down Jones closed -251.52 points, SPY -0.66%, QQQ -0.06%, IWM -0.84%, IBB -0.06%. Trade war fear escalated back on with Canada first to retaliate.

  • Madrigal Pharmaceuticals Inc (MDGL)- MGL-3196 achieves Liver Biopsy Endpoints. Stock up +144.96%
  • Vikings Therapeutics Inc (VKTX) sympathy trade to MDGL success data. Stock up +101.01%
  • CRISPR Therapeutics (CRSP) clinical hold CTX001. Stock down -6.36%
  • Micron Technology Inc (MU) downgraded at Morgan Stanley, sees NAND recovery as unlikely. Stock down -7.96%

Friday start of a new month, the U.S. jobs report 223k vs 190k estimate, the unemployment rate fell to an 18-year low of 3.8%.

For biotech upcoming data

The #BiotechCalculator with 83% accuracy predict data before it comes out.

Thanks for reading. 

Contact us:

Twitter: @BiotechMoney18




Add Your Comment

Please select phase first
Disclaimer! This is NOT an investment advice. The data result herein is purely speculation only. You must do your own due diligence and mitigate your risk. You acknowledge that will not be held responsible and accountable for any losses you may incur using our Biotech Data Calculator. Please consult your own financial adviser before executing trades.