The boost of confidence that investors felt yesterday did not last long.
Although the primary U.S. stock indices finished green across the board last
evening, the same cant be said for stock futures today. Prior to opening bell
this morning in the U.S., stock futures for the Dow Jones Industrial Average,
Nasdaq and S&P 500 were all trending in negative territory. Specifically,
futures for the Dow Jones Average were lower by .35 percent just a few hours
outside of opening bell. Trends this week have been choppy so far and it appears
that the up and down swings of the marketplace will continue today. Investors
are feeling unsure of market direction and swings in the index trends are
becoming more common. Consistency in the current market environment is currently
weak. As the mid-day mark in todays trading session passed, the primary stock
indices in the U.S. had turned green. The Dow Jones, Nasdaq, and S&P 500 were
all on positive ground. The stock roller coaster ride continues. World markets
are turning slightly higher today and U.S. indices are tagging along for the
ride. The Producer Price Index posted today and was a flat line between July and
August. This matched expectations. Retail sales moved higher by only .1 percent
last month and this minimal increase was a bit below expectations. Inventories
rose n July by .5 percent. This is always a good sign for the market. Businesses
expect business which is positive. At the mid-day mark today, the Dow Jones was
higher by 38.29 points at 11,144.14. The Nasdaq was higher by 22.59 points at
2,555 and the S&P 500 was higher by 5.90 points at 1,179. Frank Matto
No comments:
Post a Comment