Wall Street's Winning Streak Continues Amid Investor Caution and Fed Warnings.
The Dow Jones Industrial Average fell 0.3% as Richmond Fed President Tom Barkin warned against backing off rate hikes too early. The S&P 500 also fell 0.4%, while the Nasdaq ended 0.7% lower. Adobe and Tesla gained, while Virgin Galactic surged before fading. Lordstown Motors surged earlier in the day, while electric vehicle maker Nikola had a strong week. In the Dow, Intel and Cisco added to gains, while FedEx is hovering near a buy point ahead of its earnings report on Tuesday. The U.S. consumer sentiment index improved in June.