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By Staff Reporters
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U.S. stock markets, including the New York Stock Exchange and the NASDAQ remain open and follow a regular schedule today.
The bond markets will be closed, however.
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- Stocks ended last week on a high note, closing out their fifth straight week of gains. The Dow was pushed to yet another new all-time high by strong earnings from JPMorgan, while the S&P 500 was in the green and rose to its own record close, and the NASDAQ clawed its way out of the red by early Friday afternoon.
- Bond yields took a breather, falling below 4.1% thanks to a better-than-expected PPI report that helped offset inflation fears that had re-arisen after a worse-than-expected CPI report.
- Gold rose as well on PPI news, since the data pointed to a better chance of more rate cuts ahead.
- Oil fell a bit but gained over the last two weeks on geopolitical tensions and destruction in the Gulf of Mexico following the two major hurricanes.
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Filed under: Alternative Investments, Events-Planner, Financial Planning, iMBA, Inc., Investing | Tagged: bonds, Columbus Day, CPI, DJIA, DOW, economy, finance, gold, Investing, JPMorgan, NASDAQ, oil, PPI, S&P 500, stock market, stock markets oopen, stocks | Leave a comment »
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