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Closing Bell: Stocks Climb on Seven-Year Anniversary of Bull Market

June 13, 2023
in Trade Tube
Reading Time: 1 min read
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Wall Street celebrated the seven-year anniversary of its bull market with market gains and a rally in crude oil. Equities have enjoyed 84 straight months without a decline of 20%. Groupon (GRPN) slid after UBS slashed its rating to SELL from NEUTRAL. Amazon (AMZN) has agreed to lease 20 Boeing wide-body aircraft to handle increased demand for shipping in the U.S. The online retailer spent nearly $12 billion on shipping last year, mainly via delivery services such as UPS and FedEx. Constellation Brands (STZ) has issued a recall on some of its Corona bottles. The alcohol company said less than 0.1% of its Corona Extra 12-ounce bottles could contain small pieces of glass. TheStreet’s Keris Lahiff reports from Wall Street.

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