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Groton Daily Independent
Saturday, June 09, 2018 ~ Vol. 25 - No. 330 ~ 58 of 59
fell 0.6 percent to $76.82 per barrel in London.
Wholesale gasoline stayed at $2.12 a gallon. Heating oil shed 0.7 percent to $2.16 a gallon. Natural gas
fell 1.4 percent to $2.89 per 1,000 cubic feet.
Energy companies followed suit. Halliburton slumped 1.7 percent to $48.10 and Noble Energy lost 2.3
percent to $34.06.
Wall Street will be focused on central banks even more than usual next week as the European Central
Bank and Federal Reserve both hold major meetings. Wren, of Wells Fargo, said the ECB will probably start to pare back its economic stimulus even though the European economy slowed in the first quarter. Investors are nearly certain the Fed will raise interest rates for the second time this year, out of three the Fed says it’s planning. If the Fed hints it’s considering a fourth increase later in the year, it might jolt
the stock market.
“Any more than three hikes this year is a headwind for equities,” said Wren.
Online clothing retailer Stitch Fix jumped 26.5 percent to $24.88 after it beat Wall Street’s expectations
in its fiscal third quarter.
Toymaker Funko continued to rally, climbing 6.1 percent to $11.99. The company went public in Novem-
ber and its stock fell 50 percent through the end of 2017. It’s up 80 percent this year and virtually back to its IPO price of $12.
Bond prices edged lower. The yield on the 10-year Treasury note rose to 2.94 percent from 2.93 percent.
Gold was little changed at $1,302.70 an ounce. Silver declined 0.4 percent to $16.74 an ounce. Copper rose 0.8 percent to $3.30 a pound, its highest price this year.
The dollar dipped to 109.47 yen from 109.71 yen. The euro fell to $1.1769 from $1.1809.
Germany’s DAX was down 0.3 percent and so was the FTSE 100 index in Britain. The CAC 40 in France rose less than 0.1 percent. Japan’s benchmark Nikkei 225 shed 0.6 percent and South Korea’s Kospi lost 0.8 percent. In Hong Kong, the Hang Seng slipped 1.9 percent.
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AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP His work can be found at https://apnews.com/search/marley%20jay
AP Business Writer Yuri Kageyama contributed from Tokyo.
Today in History By The Associated Press
Today in History
Today is Saturday, June 9, the 160th day of 2018. There are 205 days left in the year.
Today’s Highlight in History:
On June 9, A.D. 68, Roman Emperor Nero committed suicide, ending a 13-year reign.
On this date:
In 1588, construction began on the present-day Rialto Bridge in Venice, Italy, with the laying of the first
stone; the structure was completed in 1591.
In 1732, James Oglethorpe received a charter from Britain’s King George II to found the colony of Georgia. In 1870, author Charles Dickens died in Gad’s Hill Place, England.
In 1934, the first Walt Disney animated cartoon featuring Donald Duck, “The Wise Little Hen,” was re-
leased.
In 1943, President Franklin D. Roosevelt signed the Current Tax Payment Act of 1943, which reintroduced
federal income tax withholding from paychecks.
In 1953, 94 people died when a tornado struck Worcester (WU’-stur), Massachusetts.
In 1954, during the Senate Army-McCarthy hearings, Army special counsel Joseph N. Welch berated
Sen. Joseph R. McCarthy, R-Wis., asking: “Have you no sense of decency, sir? At long last, have you left no sense of decency?”
In 1969, the Senate confirmed Warren Burger to be the new chief justice of the United States, succeed-