Banks clear the Fed's doomsday stress test - Adviser Investments

Banks clear the Fed’s doomsday stress test

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Friday, June 22.  The Dow ended the trading week by breaking its eight-day losing streak with a fractional gain. The S&P 500 index also finished the day in positive territory. Meanwhile, the NASDAQ was down 20 points for the day (a 0.3% decline). After OPEC announced its member nations would increase production, the price of oil rose to its highest level since 2016. In other market news, banks cleared the Fed’s doomsday stress test, a sign that the U.S. financial system is in good health.

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