Remember, the June episode of the Zacks Ultimate Strategy Sessionis now available for viewing! Don't miss your chance to hear:
• Sheraz Mian and Kevin Cook Agree to Disagree on how impactful the 3 biggest threats to the economy and stock market will be
• Sheraz answers your questions in Zacks Mailbag
• Sheraz and Kevin choose one portfolio to give feedback for improvement
• Market conditions from both fundamental and technical views
• The full list of top-performing stocks over the past 30 days
• New stocks added to the ZU portfolio
• And much more
Simply log on to Zacks.com and view the June episode here.
Tech had another solid session on Wednesday, but the banks had an even better one.
As a result, the Dow went from worst to first, jumping 1.4% (or about 346 points) to 25,146.4. Yesterday, the index was the only one of the Big 3 that finished in the red. The 10-year Treasury note rose on Wednesday but stayed below 3%, leading to a strong day for big guys like Bank of America (+3.2%), J.P. Morgan (+2.3%), Morgan Stanley (+2.2%), and Goldman Sachs (+1.7%).
The NASDAQ's strong performances continued with a rise of 0.67% to 7689.2. The index might have taken a break from leading the market, but it still hit a new all-time high for a third straight session. The Russell 2000 kept pace as the small-cap index rose 0.68% for a third straight record close at nearly 1676. The S&P was up 6% to 2772.4.
In the portfolios, Home Run Investortook a double-digit profit to open a space for a new buy, while Options Traderbought more time for a fund that's finally on positive ground. Meanwhile, Dave added to both Momentum Traderand Surprise Trader. Learn more about today's moves in the highlights section below: