Overnight, China stocks fell as more poor economic data was presented, as hopes for a domestic recovery were sidelined by declining import and export data.
Additionally, commodity prices were negatively affected by government regulations which aim to crack down on speculation.
This translated into a very confused day for equity pros, though commodity traders apparently had the sell button surgically attached to their index fingers, with prices for oil down more than three percent while gold and silver took deep declines.
At the end of the day, stocks leveled off roughly where they began the day, though markets appear vulnerable to a downturn.
Monday's Mingle:
S&P 500: 2,058.69, +1.55 (0.08%)
Dow: 17,705.91, -34.72 (0.20%)
NASDAQ: 4,750.21, +14.05 (0.30%)
Crude Oil 43.24 -3.18% Gold 1,265.80 -0.06% EUR/USD 1.1382 -0.02% 10-Yr Bond 1.76 -1.07% Corn 369.25 -2.19% Copper 2.10 -0.19% Silver 17.07 -0.14% Natural Gas 2.10 -0.24% Russell 2000 1,118.25 +0.32% VIX 14.57 -1.02% BATS 1000 20,677.17 0.00% GBP/USD 1.4410 +0.03% USD/JPY 108.4335 -0.01%
Monday, May 9, 2016
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