The Dividend Cafe Thursday - June 20, 2024

The Dividend Cafe

Market Update: Mixed Indices and Economic Indicators

In this episode of Dividend Cafe, recorded on Thursday, June 20th, we discuss the mixed performance in the stock market where the Dow closed up nearly 300 points, while the S&P and NASDAQ saw slight declines. Key sector movements included a 2% rise in energy and a 1.4% drop in information technology. Jobless claims were slightly higher than expected at 238,000, and the Philly Fed index showed weaker-than-expected manufacturing numbers. Housing starts fell by 5.5% for the month, alongside disappointing building permit figures, suggesting potential impacts from interest rates and seasonal factors. Upcoming economic data include PMI and existing home sales. The episode wraps up with well wishes and an invitation for audience questions.

00:00 Welcome and Market Overview 00:27 Sector Movements and Jobless Claims 01:04 Economic Indicators and Housing Data 01:39 Upcoming Data and Conclusion

Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com