In a wild week of trading the markets were able to close on highs marking a complete reversal of the Brexit meltdown. The S&P 500 has its best 1-week gain of the year, gaining 3%. The Dow 30 also was able to boast its best week of the year with similar gains.
As for the finish on Friday, while the markets were all green it was a small positive day. The Dow 30 gained 0.11%, the S&P 500 added 0.19%, and the Nasdaq 100 gained 0.41%.
Going forward this week, the markets will only be open for a half day on Monday in observance of Independence day in the US. Other news this week will be manufacturing news, along with the Fed minutes on Wednesday. All this gets topped off with the unemployment rate on Friday which is foretasted to see an uptick.
Tesla (NASDAQ: TSLA) gained 1.99% Friday shaking off news that Federal regulators opened a preliminary probe of the autopilot feature on a Tesla Model S. This comes following a fatal crash in Florida in May where the driver of the car was using the feature at the time of the accident.
Hershey (NYSE: HSY) continued its volatility Friday losing 1.36% after its board unanimously rejected a $23 billion takeover bid from Mondelez (NASDAQ: MDLZ) on Thursday. The deal would have created the world's largest candy maker. This will not be the end of this discussion between HSY and MDLZ.
Walt Disney (NYSE: DIS) continued its win streak (0.21%) after the company said it is closing a deal to buy a 33% stake in Major League Baseball Advanced Media. This would reportedly value MLB Advanced Media at about $3.5 billion.
Lastly, Apple (NASDAQ: AAPL) was up small (0.30%) after the Wall Street Journal reported that the tech giant is in talks to buy Jay Z's music service Tidal. Apple is reportedly interested in Tidal because of its strong ties to popular artists.