Apple Corp was in the news and
helped the stock market open strongly this morning. Apple signed a much anticipated deal with
China Mobile, which should strengthen Apple’s position in the China phone
marketplace. The stock opened up over
3%. Consumer sentiment was strong, but
slightly below estimates, while consumer spending edged upward. Generally data has been positive overall, and
mostly in line with market expectations.
Gold is down slightly while oil is near unchanged. Interest rates have edged up slightly, but
are surprisingly stable in light of the news that the Fed will soon begin a
small tapering of government bond purchases.
Markets should be very quiet this holiday shortened week.
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