Bulls Regain the Lead
Wall Street finished on the upside today, as the Dow posted a 145-point gain. The S&P 500 added 16 points, while the NASDAQ gained 31. Over in the bond pit, the 10-year Note finished slightly to the downside.
In the news, rumors persist that the Fed will lower rates at its September 18th meeting, but it remains to be seen if these rumors will hold true. New Home Sales coming out later this week and Existing Home Sales coming out on Monday may provide an indication of what will happen in September. Tomorrow, we look forward to Initial Claims.
Overseas, the Nikkei finished down slightly (.7%), while the Hang Seng ended its last trading session 2.84% to the upside.
Economic Data Scheduled for Thursday, August 23, 2007
(All times in U.S. Central Time)
U.S.
7:30 AM: Initial Jobless Claims week ending 8/18 (Consensus 320k)
Canada
None
European Union
1:00 AM: (Germany) Gross Domestic Product QoQ 2nd qtr (Consensus 0.3%)
Japan
10:00 PM: BOJ Interest Rate Decision
