Friday's Market Recap - Dow Up For Eight Sessions In A Row. Nasdaq & S&P Were Lower.
What is The Premarket Telling Us?
7:30 AM.
US stock futures are trending higher before the start of trading. The Dow gained 110 points, Nasdaq futures 32.50 points, and the S&P rose 10.50 points. Major Asian markets were up overnight.
On The Bond Desk:
The US 10 Year Bond Yield at 1.79%, down 0.01%.
Currency Desk:
Euro dollar: 1.11
UK Pound: 1.25
Crude Oil:
WTI crude oil futures at $55.20/barrel, up 0.20%
On the Earnings Calendar:
None.
In M&A News:
None.
What About The Asian And European Markets?
Major Asian markets closed higher. Japan (Nikkei 225) up 1.05%, Shanghai gained 0.75%, Hong Kong (Hang Seng) up 0.98%.
Major European markets closed with modest gains. German (DAX) gained 0.47%, France CAC 40 added 0.22%, London FTSE 100 rose 0.31%.
Market And Sector Dynamics
Markets began the trading day modestly higher. The Dow to 57.57 points, Nasdaq gained 7.88 points, and the S&P rose 1.91 points.A better than expected Retail Sales number, bounce in auto sales, and a modest jump in Consumer Sentiment, is a positive for markets.
Stocks remained positive but moderately volatile for the entire session.
Today's session was mostly broad based, with six of the eleven S&P sectors closed with losses, led by Real Estate, Consumer Staples, Technology, and Utilities. Materials, Financials, Energy, and Industrials were higher for the day.
Factors Influencing Today's Market
August Retail Sales rose more than expected: 0.4% vs 0.2%, thank to huge bounce in auto sales.
September Consumer Sentiment came in at 92 vs 91 estimated, and following a steep drop in August.
This week's Baker Hughes Rig Count fell 5 rigs to 733 total.
WTI Crude Oil closed modestly lower today, at $54.85/barrel, down 0.44%.
The US 10 Year Bond Yield closed at 1.901%, up 6.92%.
Asian and European markets were both higher in their sessions today.
Market Close Volume Traded And Advance Decline Ratio
Today the markets ended mixed. The Dow gained 37.07 points, Nasdaq lost 17.75 points, and the S&P fell 2.18 points. Total NYSE volume traded, a modest 3.65 billion shares. Declining shares outpaced Advancing shares by 1.18:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
Comments