Stocks posted a tame session on Wednesday with all three major indexes finishing near the prior day's closing levels.
 | WED, JUN 23, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 133.70 | -0.28 | -0.21% | | INTC | 55.26 | -0.61 | -1.09% | | MSFT | 265.27 | -0.23 | -0.09% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 15.42 | +0.51 | +3.42% | | AAPL | 133.70 | -0.28 | -0.21% | | GE | 12.95 | -0.08 | -0.61% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 133.70 | -0.28 | -0.21% | | CMCSA | 55.48 | -2.15 | -3.73% | | TSLA | 656.57 | +32.86 | +5.27% | |
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Stocks posted a tame session on Wednesday with all three major indexes finishing near the prior day's closing levels.
The Dow Jones Industrial Average was the relative underperformer, dropping 71.34 points or 0.2%. The S&P 500 slipped 0.1%. The Nasdaq Composite, which posted a modest gain of 0.1%, managed to eke out another record close.
Facebook added nearly 0.5%, while Applied Materials rose 1.5%, and Tesla rallied about 5.3%. Brent crude prices topped $75 a barrel. Energy stocks went along for the ride, as Devon Energy added nearly 2%, Occidental Petroleum rose about 3.2% and Exxon gained 0.7%.  This week's solid performance among the major U.S. stock indexes comes as a rebound to last week's sell-off triggered by the Federal Reserve's surprise policy shift.
For June, the S&P 500 and Nasdaq Composite are in the green, rising 0.9% and 3.8%, respectively. However, the Dow is negative for the month.
Still, inflation and the Fed remain of utmost importance in the months ahead, says UBS senior economist Brian Rose.
"As the economy recovers, we are seeing more examples of demand exceeding supply side capacity. This extends to the labor market, where more and more businesses report that they are struggling to find workers and job openings are at record highs," he wrote.
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