(As of 7:05 am PST)
It’s a quiet start for stocks
this morning with US indexes trading flat after Friday’s session saw the
S&P500 hit a record high of 2,122.73. Comments from Chicago Fed President
Charles Evans early Monday kicked things off as the Federal Reserve member
reiterated his stance that the central bank should hold off on raising rates
until early 2016. Later in the week, markets will hear from the Federal Open
Market Committee as minutes from the FOMC’s April meeting are released
Wednesday. Data is light today and earnings season is winding down, leaving
investors struggling to find direction in early trading. International markets
were mixed on this unusually quiet Monday. Oil prices are inching higher while
gold is off slightly. Interest rates and the US dollar are up. Expect a quiet
session Monday, with activity picking up as we approach the FOMC release on Wednesday.
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