market wrap 05.24.23

U.S. Treasury Secretary Janet Yellen continues to beat the drum on rapidly depleting federal treasury cash reserves. Story in The Street

The evidence is piling up that most people do not believe Joe Biden is mentally or physically fit to serve a second term as president of the United States. Story in 1945

Yellen

What’s going the way of video stores and pay telephone booths? Bank branches. Story in The Street

The DOW closed at 32,799.92 – down 255.59

The S&P 500 closed at 4,115.24 – down 30.34

The S&P 1500 closed at 935.97 – down 7.16

The NASDAQ-100 closed at 13,604.48 – down 68.06

The Russell 1000 closed at 2,252.21 – down 16.46

The Russell 2000 closed at 1,767.00 – down 20.71

The VIX closed at 20.03 – up 1.50

Apple (AAPL) closed at 171.84 – up 0.28

Caterpillar (CAT) closed at 209.70 – down 3.01

Marathon Digital (MARA) closed at 9.43 – up 0.11

Micron Technology (MU) closed at 66.53 – up .52

Energy Transfer (ET) closed at 12.80 – up 0.04

Occidental Petroleum (OXY) closed at 59.39 – down 0.29

Palantir (PLTR) closed at 1.23 down 0.41

September WTI closed at 73.86 – up 1.28

October WTI closed at 73.48 – up 1.29

July Corn closed at 587’2 – up 9’6

July Wheat closed at 606’2 – down 16’0

July Soybeans closed at 1324’4 – up 2’0

August Soybeans closed at 1258’6 – unch

September Soybeans closed at 1195’4 – down 2’6

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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