Oil Prices Continue to Fall

Oil Prices Continue to Fall

Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Monday, June 10. Major U.S. stock market indexes advanced for the fifth consecutive day, with the Dow Jones Industrial Average, S&P 500 and NASDAQ up 0.3%, 0.5% and 1.0%, respectively. Raytheon and United Technologies made headlines with their “Raytheon Technologies” merger announcement. Raytheon’s stock rose 0.5% on the news, while United Technologies declined more than 3%. Meanwhile, crude oil prices continued their decline and fell an additional 1.6%—currently down about 20% in the past six weeks.

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