(As of 7:10 am PST)
It’s
another quiet day on the markets with the S&P and Nasdaq trading flat while
blue chips in the Dow are down slightly.
International markets looked strong for a third consecutive day. Asian markets finished higher across the
board. China reported a trade surplus
with improvements to both imports and exports after previously reporting a
deficit. In Europe, markets are higher
by 0.5% while regional economic data is light.
US markets are neutral as investors reach for news. It is a very light week for economic data and
thus difficult to gain direction for top-down investors. On the earnings side, Walt Disney shares are
off by 1.5% after reporting an earnings beat, while Whole Foods is surging, up
nearly 8.5%, after beating estimates.
Gold has recovered most of yesterday’s losses, up 1.25% and oil is up
slightly.
No comments:
Post a Comment