(as of 7:30 AM PST)
Yesterday was a forgettable
day for the markets; not particularly bad, a mixed close, but a low volume day
that lacked much vibrancy. Perhaps
investors are a little weary after a good run-up in May. Yesterday’s excitement came from the fact
that the ISM report, put out by the Institute for Supply Management initially
came in below expectations and resulted in a mild market drop. After criticism by several economists about
faulty data, the numbers were revised twice and eventually did meet
expectations and markets recovered.
Today looks very quiet as well.
There is some merger and acquisition news and Apple is on the rise in
the midst of a highly touted developer’s conference, but generally markets are
hovering around flat line looking for another jolt of stimulus to move forward.
Oil and gold are flat on the day and interest rates on the ten year bond are up
slightly.
1 comment:
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