How major US stock market indexes fared on Wednesday

Still, many investors and analysts say they remain cautiously optimistic on the outlook for the USA stock market. On June 20, nine out of 11 of the S&P 500's major sectors closed the day with losses.

By the closing bell, the Dow Jones Industrials had lost 61.85 or 0.29% to finish at 21,467.14, alongside a 0.67% dip for the S&P 500 to 2,437.03 and a decline of 0.82% in the Nasdaq Composite to 6,188.03. United States stocks opened higher today as healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows.

Apple and other industry heavyweights had been among the stock market's biggest stars, and tech stocks in the S&P 500 were up more than 20 percent for the year until they took a sharp step down two Fridays ago. Brent crude, the worldwide standard, rose 19 cents to $46.21 a barrel.

The Russell 2000 index of smaller company stocks fell 3.71, or 0.3 percent, to 1,399.25.

Major indexes wobbled Tuesday after oil prices slid to their lowest level since September, dragging down shares of energy companies and renewing concerns among some analysts of a more severe pullback in commodity prices. Plus, profit growth is improving for companies, which helps to justify their stock price gains.

"With oil entering the so-called bearish territory, the market is looking at the negatives of lower oil prices and not necessarily the benefits of lower oil prices", said Peter Cardillo, chief market economist at First Standard Financial. "If we get below $40, I think you'll get people adjusting their expectations".

Tech heavyweights, which had been among the stock market's biggest stars until recently, led the way.

Nasdaq's biotechnology index rose 2.5 per cent in its biggest one-day gain since February while the S&P's healthcare index had a record-high close. Its forecast for revenue and earnings this fiscal year also topped analysts' expectations. Its stock rose $8.62, or 9.6 percent, to $98.58.

Teen fatally mauled by bear during running race in Alaska
Last week, a juvenile and two young adults sustained minor injuries when a female brown bear with two cubs attacked them. The juvenile's remains were transported from the mountain trail and the teen's next of kin were notified of the death.

Tropical Storm Bret forms in Atlantic off Venezuelan coast
The area of disturbed weather near the Yucatan Peninsula of Mexico is forecast to move into the Gulf of Mexico early this week. Storm warnings have been issued for Trinidad , Tobago, Grenada and the cost of Venezuela from Pedernales to Cumana.

Dems say they'll slow Senate work over secretive care bill
And the president probably will sign the bill, even though it's doubtful he will know what's in it. By contrast, the bill Senate Republicans are writing is being held as close as the nuclear codes.

On the opposite end was homebuilder Lennar, which rose $1.13, or 2.1 percent, to $53.87 after reporting stronger revenue and earnings for the latest quarter than analysts expected.

CHINA'S ARRIVAL: Chinese shares traded in Shanghai, which have always been hard for foreign investors to trade, rose 0.5 percent after index provider MSCI said it will include 222 of what are called "Chinese A-shares" in its widely followed Emerging Markets index. Adding Chinese shares to the MSCI Emerging Markets index will reduce South Korean shares in the index, which could trigger outflows of at most 4.3 trillion won ($3.8 billion) of foreign investment, it said.

On Monday, New York Fed President William Dudley said halting the rate-hiking cycle now would imperil the economy.

The S&P 500 lost 1 point to 2,435.

TREASURY YIELDS: Bond prices were flat. It jumped $4.07, or 2.9 percent, to $146.34 for its second-best day of the year so far.

Benchmark 10-year notes last rose 8/32 in price to yield 2.1617 percent, from 2.188 percent late on Monday. Google's parent, Alphabet, rose 16.60 dollars, or 1.7%, to 975.22 dollars.

CURRENCIES: The dollar rose to 111.53 Japanese yen from 110.84 yen late Friday.

(Copyright © 2015. All Rights Reserved.)
 
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