Although the broader market finished the day flat yesterday, and futures are little changed this morning, there has been an abundance of new information over the past 24 hours that is being digested by the markets. Stocks sold off early in the day yesterday on mixed economic data, with the downside move accelerating after a much weaker than expected Philly Fed reading (5.1 vs. 10.1 consensus). However, the major averages bottomed out shortly thereafter and spent the majority of the day chopping higher, recovering a portion of the early losses.
Visit us to listen to our Live Stock Market Radio Show and learn more about stock trading, daily stock charts, options trading and investment education.
No comments:
Post a Comment