AM Report 21 June 18: Dow lower while NASDAQ and Russell 200 hit record highs.

The Nasdaq reached an all-time record high, led by shares of Facebook (+2.3%) and Netflix (+2.9%) which both reached record levels. Twenty-First Century Fox shares rose by 7.4% after Walt Disney (+1.0%) raised its bid to US$38 per share or US$71.3 billion, surpassing Comcast's US$65 billion offer. Starbuck's shares fell by 9.1% after the coffee chain missed analysts' quarterly sales growth forecasts. The Dow Jones ended lower by 42 points and the Nasdaq lifted by almost 56 points or 0.7%.

 

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