(As of 7:15 am PST)
Stocks are slightly higher to start Monday's session as investors were cautious following Friday's pummeling which saw the S&P500 suffer it's steepest loss in two months. It's a quiet day for economic data as investors look ahead to tomorrow's JOLTS (Job Opening and Labor Turnover Survey) report for more data on the health of the labor recovery. The big story remains the timing of the Federal Reserve's short term rate hike. With Friday's surprisingly strong payrolls report, speculation is that the rate hike will come sooner than later. Expect volatility to continue as markets try to outguess the Fed and uncertainty remains. In overseas developments, market action is mixed. Oil is lower while gold is up slightly and interest rates are down.
Stocks are slightly higher to start Monday's session as investors were cautious following Friday's pummeling which saw the S&P500 suffer it's steepest loss in two months. It's a quiet day for economic data as investors look ahead to tomorrow's JOLTS (Job Opening and Labor Turnover Survey) report for more data on the health of the labor recovery. The big story remains the timing of the Federal Reserve's short term rate hike. With Friday's surprisingly strong payrolls report, speculation is that the rate hike will come sooner than later. Expect volatility to continue as markets try to outguess the Fed and uncertainty remains. In overseas developments, market action is mixed. Oil is lower while gold is up slightly and interest rates are down.
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