Date: 2016-06-21 00:00:00
S&P 500 (SPY) — open: 208.82, high: 209.61, low: 207.75, close: 207.85, volume: 82789600, daily change: 0.0064
News headlines:
U.S. Oil Reaches $50 On Expectations for Lower U.S. Inventories
IKEA Plans Upgrades, Expansion in Russia
BHP Billiton Takes Steps to Boost Oil Output: CEO
Rio Tinto Shakes Up Management
Singapore’s STI Inches Up on Muted Trading Cues
Fiat Chrysler to End Production of Vehicles With Certain Faulty Air Bags
PG&E to Close California’s Last Nuclear Plant by 2025
Sandwich Chain Jimmy John’s to Drop Noncompete Clauses From Hiring Packets
SEC Files Complaint Against Financial Adviser for Professional Athletes
Upper Middle Class Sees Big Gains
Roundup of Form D Regulatory Filings--June 21
Social Finance Bucks Tough Market
Manager Charged in Visium Insider-Trading Case Found Dead
Travel Ad Specialist Intent Media Acquires Voyat
CFPB Urged to Take Steps to Improve Workplace Inclusion, Fairness
Transcript: Janet Yellen’s Senate Banking Committee Testimony
SEC Gives Mutual Funds a Break Over Ties With Audit Firms
Puerto Rico, Bondholders Remain at Odds
Regulators See Potential Risks in Online Lending, Blockchain
Epidarex Capital Leads GBP4.3M Series A for Biotech Startup Mironid
Brexit Would Make the U.K. More Vulnerable
FedEx Plans Increased Spending
CFTC Should Address Governance Issues at Swaps Firms, Democratic Commissioner Says
Yellen: Recession Unlikely, but Growth Could Be Slow
EBay Names Lyft CEO to Board
Yellen: Fed Working On Stress-Test Tailoring
Nonbank Consumer Delinquencies Rising
Boeing Signs Deal to Sell Jets to Iran’s State Airline
Highmark Health Seeks Buyer for Vision Unit
Stocks Rise as ‘Brexit’ Outlook Steers Markets
SEC Readies Case vs. Merrill Over Notes That Cratered
Asian Morning Briefing: Stocks Rise as ‘Brexit’ Outlook Steers Markets
Dollar Holds Gains as Yellen Comments on Economy
Jefferies: Markets Stabilized in Latest Quarter
HP Raises Profit Outlook for Current Quarter
Fed Pressed on Questions of Diversity
Hulk Hogan Challenges Gawker Over Bankruptcy Sale
Oil Prices Fall on Supply Overhang, ‘Brexit’ Uncertainty
U.S. Oil Inventories Seen Decreasing
Clinton Says Trump Is All Wrong on Wall Street Regulation
Post Recently Held Talks to Combine With ConAgra’s Lamb Weston
First-Time Buyers Boost KB Home Results
Canadian Pacific Warns on Second-Quarter Results
Fed’s Powell Says Libor Alternatives Needed In Case Banks Stop Submitting Data
Natural Gas Prices Up on Expected Summer Demand
Piper Chalks Up $2.1M for Educational Coding Kits
EU Hammers Out New Rules to Fight Corporate Tax Dodgers
Russia’s Venture-Capital Funds Look Abroad
Gold Prices Fall on Receding ‘Brexit’ Fears
Brazil’s Oi Downgraded by Fitch After Bankruptcy Protection Filing
Philadelphia Fed Paper Looks at Community Bank Challenges
United Seeks to Narrow Gap With Rivals
ECB’s Draghi Seeks EU Economic Reforms to Aid Recovery
European Businesses Weigh the Good and Bad of a ‘Brexit’
UBS Warns of Potential Trading Hiccups Surrounding ‘Brexit’ Vote
Russia’s Venture-Capital Funds Look Abroad
Brexit Vote Draws Attention to U.K. Current-Account Deficit
Federal Government Says Environment at Risk Under Alpha Plan
Samsung to Invest $1.2B in ‘Internet of Things’ Startups, U.S. Research
Elizabeth Warren Presses Fed on Diversity
Yellen: Not Considering Negative Rates, Chances of Recession ‘Quite Low’
German Court Rejects Legal Challenge to ECB Bond-Buying
ESMA Chief Rejects Yearly Review of Mifid Bond Rules
Yellen: Fiscal Expansion Would Raise Neutral Interest Rate
India Expected to Lure More Foreign Investment in Defense Industry
Yellen Warns of Volatility if U.K. Exits EU
FedEx Earnings: What to Watch
EU Swaps Clearing Starts: Five Things You Should Know
Eurogroup Chief: ‘Let’s Finish What We Started’
U.S. Government Bonds Steady on Yellen
CarMax Profit Falls Short as Expenses Rise
OSI Systems to Buy American Science & Engineering
Hungary Leaves Interest Rates Unchanged at Record Low
Live: Janet Yellen’s Senate Testimony
U.S. Retail Sales Down in First Three Weeks of June
Hilsenrath’s Take: Yellen Takes Stage in Congress with Long-Run Challenges in Mind
Brazil’s Inflation Eases in Mid-June
China Deals Setback to JLR’s Patent Infringement Claim
Teva and Allergan Sell Generic Drugs to Impax In Latest Divestiture
Banks Out to Beat Basel’s Capital Clock
China PBOC Plans to Converge Onshore, Offshore Yuan Rates
Weekly Chain-Store Sales Rise 2.6%
Brazil’s Kroton Educacional Raises Estácio Participações Bid
Natural Gas Prices Edge Lower
Turkey Cuts Key Rate as Inflation Slows
ECB Flags Deficiencies in Bank Governance
Pearl Automation, Backed by $50M, Launches Wireless Rear-View Camera for Cars
Chernova’s Take: One Kings Lane Disappoints Employees
Employee Communication Tool Bonfyre Raises $4M
Alcohol Delivery Startup Thirstie Shifts Away From On-Demand Business
Gong Rings Up $6M for Sales Call Measurement Software
Schlesinger’s Take: Stress Time for Big Banks—and Big Regulators
Portugal Halts Trading of Pharol Over Oi Bankrutpcy Filing
Schlesinger’s Take: Stress Time for Big Banks—and Big Regulators
BHP Sticks With Coal in Hard Times
Rising Prices to Test India’s Next Central Bank Chief
Voices: Getting a Jump-Start on Long-Term Health Planning
U.K.’s Osborne Set to Miss Fiscal Targets Again
‘Brexit’ Relief for Asian Shares
Brexit and the Self-Fulfilling Panic
AXA to Cut Costs to Boost Earnings
Market direction: Neutral