Dividend Stocks Update: These high dividend stocks go ex-dividend this coming week: DOC, KIM, VIV, HASI, DX, KCAP, IRT, KRG, BKS.
Volatility: The VIX rose 14.94% this week, ending the week at $13.77.
Market Breadth: 12 of the Dow 30 stocks rose this week, vs. 5 last week. 30% of the S&P 500 rose this week, vs. 36% last week.
“Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slow down in the world’s second-biggest economy. The official Purchasing Managers’ Index (PMI) released on Saturday fell to 51.5 in June, from 51.9 in May, but it remained well above the 50-point mark that separates growth from contraction for a 23rd straight month.” (Reuters)
“Canada struck back at the US administration on Friday over U.S. steel and aluminum tariffs, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents. The retaliation came as General Motors (NYSE:GM) warned that any tariffs Washington might impose on imported vehicles could cost U.S. jobs.” (Reuters)
Week Ahead Highlights: It’ll be a short week, with US markets are closed on the July 4th holiday.
U.S. benchmark oil futures settled higher for a fourth straight session on Friday, tallying a gain of more than 20% for the first half of 2018. Recent sharp declines in U.S. crude supplies, output concerns linked to Venezuela, Libya and Canada, as well as uncertainty surrounding Iranian exports, have contributed to oil’s price gains, despite an agreement among major oil producers to boost crude production. August West Texas Intermediate crude added 70 cents, or nearly 1%, to settle at $74.15 a barrel on the New York Mercantile Exchange. That was the highest for a most-active contract since Nov. 24, 2014. (MarketPulse)
Crude oil futures were up 11.27% in June, while Natural Gas rose .55%:
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