{"id":432193,"date":"2026-06-16T03:10:08","date_gmt":"2026-06-15T20:10:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/at-the-close-not-the-best-finish-to-the-day\/"},"modified":"2026-06-16T03:10:08","modified_gmt":"2026-06-15T20:10:08","slug":"at-the-close-not-the-best-finish-to-the-day","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/at-the-close-not-the-best-finish-to-the-day\/","title":{"rendered":"At the close: Not the best finish to the day"},"content":{"rendered":"<div>\n<p>By any measure it was a great day for the US stock market but I&#8217;m going to highlight some of the negatives anyway. But first, here are the closing changes:<\/p>\n<ul>\n<li>S&amp;P 500 +1.6%<\/li>\n<li>Nasdaq Comp +3.1%<\/li>\n<li>Russell 2000 +0.9%<\/li>\n<li>DJIA +0.9%<\/li>\n<\/ul>\n<p>The Russell 2000 hit a record but it closed near the lows of the day. That&#8217;s not great price action in a part of the market the benefits most-directly from lower oil prices and a healthier consumer. Much of the heavy lifting today was done by the Nasdaq and that hasn&#8217;t been a war trade for awhile. Instead, it looks like it&#8217;s being driven by SpaceX-inspired FOMO and the ongoing mania in memory names. Two of the top performers were Micron and Western Digital, both up double digits.<\/p>\n<p>Beneath the surface, there were some good post-war trades with travel names, Booking and Expedia up strongly, though neither closed at the highs of the day. Airline shares also gave up about half of their opening names.<\/p>\n<p>The oil chart worries me a bit as we finished inside of the opening gap and at the highs of the day. WTI fell as low as $79.70 but finished at $81.40. Maybe that&#8217;s just deal angst as Israel continues to strike Lebanon but it could also mean the &#8216;peace&#8217; trade was hugely front-run and now we&#8217;re in for profit taking.<\/p>\n<p>Similarly, the euro is finishing up the day only 19 pips and the yen is lower on the day. Those are two big oil importers and they&#8217;re not getting any kind of lift. I presume that once the dust settles and maybe once we get through this week&#8217;s big slate of central bank decisions, then we could see more but that strategy is sounding a bit like &#8216;hope&#8217; and not a real plan.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By any measure it was a great day for the US stock market but I&#8217;m going to highlight some of the negatives anyway. But first, here are the closing changes: S&amp;P 500&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432193","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432193"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}