Source: www.investors.com --- Friday, June 30, 2017
The Dow Jones industrial average recovered some of Thursday's decline, and a nearly 11% rocketlike gain by Nike ( NKE ) had a lot to do with it. However, solid gains by other consumer-oriented names in the 30-stock blue chip index (think Apple ( AAPL ), Home Depot ( HD ), American Express ( AXP )) also helped the Dow act as the leading index Friday. X Autoplay: On | Off The Dow Jones industrial average lost some of its decent gains in the last half hour of trading, closing up 0.3%. That nipped a gain of nearly 0.2% by the S&P 500. The Nasdaq composite surrendered modest gains to lose almost 0.1%. Volume shrank sharply on both main exchanges as trading desks left early for next week's July 4th holiday. The Dow 30 snapped a five-week win streak, but lost just 0.2% for the week. In addition, among IBD's 197 industry groups, dozens actually roared sharply higher for the week. They included the oil field services (up 6.3% for the week), auto retail (up 5.6%), discount and variety retail (+4.4%), apparel and shoe retail (+4.2%) and hospitals (+3.5%). Notable winners for the week in the retailing and consumer goods side include Coach ( COH ) and Ollie's Bargain Outlet ( OLLI ). At 6140, the Nasdaq has now dropped in three of the past four weeks. Yet it is still holding firm along its rising 10-week moving average, as seen on a weekly chart. The pullback since the Nasdaq's all-time high of 6341 three weeks ago has so far been limited to ...
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