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US Markets Closed Lower on June 27

Val Kensington
Updated
US Markets Closed Lower on June 27

After declining on Monday, the S&P 500 regained stability on Tuesday and closed the day positive. Carrying forward the strength, the S&P 500 opened higher on Wednesday. However, the market lost strength as the day progressed and the S&P 500 closed June 27 at four-week low price levels. On Wednesday, eight out of 11 major S&P 500 sectors closed the day lower. Weakness in the IT and consumer discretionary sectors weighed on the market. However, strength in the energy and utilities sectors limited the market’s losses.

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