(As of 7:10 am PST)
It’s a quiet day on the market today as stocks opened
flat after two straight days of gains.
Investors are cautious ahead of this afternoon’s release of the most
recent Fed policy meeting minutes.
Concerns over the Fed’s timeline to increase interest rates will be on
the minds of investors as they sift through the Federal Open Market Committee’s
(FOMC) minutes today. In corporate news,
shares of Target and Lowe’s were mixed after both companies announced
disappointing earnings results. Economic data is light today. International markets were mostly lower, with
Asian indexes finishing the day mixed while Europe is lower. Gold is flat and oil is up nearly 1% ahead of
a report on crude inventories. Interest rates
are slightly up. It's been a nice start to the week but it looks like the recent rally in stocks may be running out of steam today.
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