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US Equities Markets Close Mixed Friday as Markets Evaluate Unexpected Drop in Consumer Sentiment
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US Equities Markets Close Mixed Friday as Markets Evaluate Unexpected Drop in Consumer Sentiment
Jun 14, 2024 1:35 PM

04:06 PM EDT, 06/14/2024 (MT Newswires) -- US benchmark equity indexes ended mixed Friday as a closely monitored survey showed consumer sentiment unexpectedly dropped in June.

* Preliminary results from the University of Michigan's Surveys of Consumers showed that US consumer sentiment dropped to 65.6 this month from 69.1 in May. The consensus was for an increase to 72 in a survey compiled by Bloomberg.

* Import prices fell by 0.4% in May, in line with other inflation data released this week. Import prices were still down 0.3% excluding a 2% drop in fuel prices. Petroleum prices were down 1.7%. Export prices fell by 0.6% in May and were down 0.8% excluding a 0.5% gain in agricultural prices.

* July West Texas Intermediate crude oil fell $0.10 to $78.52 per barrel, while August Brent crude, the global benchmark, was last seen down $0.08 at $82.67 amid a cloudy outlook for demand.

* Adobe (ADBE) shares gained 14% after the software maker late Thursday raised its full-year earnings outlook, as customers drawn in by its artificial intelligence offerings drove fiscal Q2 results above market estimates.

* Boeing ( BA ) was down 2.2% following reports that the US Federal Aviation Administration and Spirit AeroSystems ( SPR ) were investigating fake documents certifying the authenticity of titanium that may have been used in some Boeing ( BA ) and Airbus airplanes.

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