Stocks Largely Ignored Trade War Concerns
US stocks closed the week ending on June 15 with a mixed performance. Investors largely ignored the concerns about a trade war between the US and China. The benchmark S&P 500 Index (SPY) was essentially flat at 2,779.42, while the Dow Jones Industrial Average (DIA) fell 0.9% to 25,090.48. However, the NASDAQ Composite Index (QQQ) outperformed with a gain of 1.3% to 7,746.38. Bank stocks fell