Diana Linn, account manager at Adviser Investments, has the market analysis for Thursday, June 20. For the fourth consecutive day, all major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes advanced, elevating the S&P 500 to a new record high. The Dow Jones Industrial Average and S&P each rose 0.9% while the NASDAQ was up 0.8% as investors continued to respond to yesterday’s Federal Reserve announcement that interest rates would remain unchanged in the coming months. Meanwhile, oil prices surged above $65 per barrel, with Brent crude on track for 5% gains this week on mounting geopolitical concerns related to Iran shooting down a U.S. drone.
