(As of 7:00 am PST)
US stocks continued their cautious trade this morning as
the major indexes opened on a mixed note.
In early action, investors digested a disappointing earnings announcement
from Campbell’s soup and also reacted to AztraZeneca’s rejection of a deal to
be bought out by Pfizer. It is a very
light week for economic data. There are
no reports due out today or tomorrow.
Investors will continue to be focused on earnings and will also be
paying close attention to several Fed officials set to speak this week, looking
for clues into any policy changes and also the overall state of the
economy. Gold and oil are higher
today. Interest rates are slightly lower
as is the US dollar. It looks like a
quiet day is shaping up as the market catches its breath from last week’s volatility.
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