Financial Review

8 Straight

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Synopsis

…Losing streak stretches. EU launches retaliatory tariffs. SCOTUS rules on online tax. Krzanich out at Intel. OPEC meets to ponder output. Financial Review by Sinclair Noe for 06-21-2018 DOW – 196 = 24,461 SPX – 17 = 2749 NAS – 68 = 7712 RUT – 18 = 1688 10 Y – .03 = 2.90% OIL + .13 = 65.84 GOLD – .70 = 1267.90   The Dow Industrials posted its 8th straight losing session, the longest streak since March 2017. The Dow is now negative year-to-date. The S&P 500 declined 0.6 percent as energy shares fell 1.9 percent.The Nasdaq composite pulled back 0.9 percent erasing earlier gains, led by declines in Amazon and Alphabet. The Nasdaq reached record highs earlier in the week, but is down 0.4 percent week to date. Meanwhile, the Dow and S&P 500 are down 2.5 percent and 1.1 percent, respectively, for the week. Auto makers fell, with General Motors, Ford and Fiat Chrysler all sliding at least 1.5 percent. The move lower followed a profit warning from German car manufacturer Daimler, which said its bottom line could be a