Fed, Oil Prices, and SpaceX Draw Attention Prior to Tuesday’s Open
U.S. stocks look a bit steadier heading into Tuesday’s June 16 open, but caution is still the mood. The S&P 500 ended Friday at 7,431.46, up 0.50%. The Dow closed at 51,202.26 for a 0.70% gain. The Nasdaq added 0.31% to 25,888.84. Those gains helped after the market’s recent swings. Two main worries stay in play: higher oil prices and what the incoming Fed leadership might do. Brent crude traded at $86.80. The 10-year Treasury yield was near 4.48%, Reuters market data showed. Both will matter for where stocks go next.