Bulls and Bears Remain Wallflowers at Today’s Dance
There wasn’t a lot of news in the U.S. markets today, and in the end there wasn’t a whole lot of movement either. The Dow came out ahead by 16 points, the S&P finished up a fraction of a point, and the NASDAQ lost 5 on the day. Crude Oil drew much of the attention today with a 1.8% increase, actually going above the $80 per barrel level for a time.
The bond markets finished ahead on the day, with the 10-year Note closing with a 4.4% yield, while the 30-year Bond ended the day at 4.68%. The Federal Reserve meeting next Tuesday continues to be the focal point for forward-looking traders.
In Asia, the Nikkei closed down .5% and the Hang Seng finished its last session ahead by 1.5%.
Mike Tosaw, Director of Education
Economic Data Scheduled for Thursday, September 13, 2007
(All times in U.S. Central Time)
U.S.
7:30 AM: Initial Jobless Claims for wk ending Sept. 8th (Consensus 325K)
1:00 PM: Treasury Budget (Consensus -85.0 Billion)
Great Britain
None
Canada
None
European Union
None
Japan
None
