(As of 7:20 am PST)
US stocks are mixed to start this holiday shortened week. The tech-heavy Nasdaq is higher while the Dow
and S&P500 are lower in early trading.
Economic data is light today. A
report on manufacturing, known as the ISM manufacturing index, showed activity
surging in August at the fastest pace since March 2011. Also, a report on
construction spending showed spending climbing 1.8% in July, while June’s
spending was revised higher as well.
International markets are mixed with Asia finishing the day
mostly higher while European indexes are mixed.
Commodities are down across the board today with gold and silver down
over 1.5% while oil also shed 1.25% to trade at less than $95 per barrel. Interest rates are higher as is the US dollar
against most all major currencies. As summer winds down and the trading volume increases expect market direction to firm up
in the coming days and weeks.
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