(As of 7:15 am PST)
It’s another quiet day on the markets with no economic
data to report. All 3 indexes are up as
the Dow is poised to set its 51st record high of the year. Social media stocks are slipping this morning
after an analyst downgrade to Twitter brought the social network’s stock down
4% after surging 76% on the month.
Facebook and LinkedIn followed course, but tech giants IBM, Intel, and
Oracle helped keep the Nasdaq in the green.
International markets are also higher with Asia finishing on a positive
note, and European markets rallying after being closed for a two day Christmas
break on a surging Euro. Oil prices are higher ahead of supply data and gold is
also notching higher. The 10 yr. treasury yield finally busted through the
psychologically important 3% level, trading at its highest level since July 2011.
A thinly traded market will persist through today and next week, as investors
shore up portfolios and strategies for the new year.
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