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Today’s Market Action

Today’s Market Action

Domestic equity markets are closed today (fixed-income markets close at noon ET), as Hurricane Sandy – the largest Atlantic storm on record to approach the northeast seaboard, prompted a regional evacuation and sand-bagging at the NYSE.  Should the 900-mile wide storm...
Today’s Market Action

Today’s Market Highlights

U.S. Home Sales Post Surprise June Decline.  Sales of newly-constructed homes declined by 8.4% in June to an annualized rate of 350,000, missing the consensus forecast for 372,000.  The decline was led by a 60% record high sales plunge in the northeast region....
Today’s Market Action

Today’s Market Action

The S&P 500 opened modestly higher as investors welcomed a smaller-than-expected annual decline in home prices, sending homebuilder company shares sharply higher.  Equities pared early gains after a reading of consumer confidence fell to a five-month low, with...
Today’s Market Action

Market Action

In spite of the come-to-be-expected volatility last week, stocks were generally up, with the S&P 500 higher 1.3% for the period. The primary theme continued to be the tough situation in Europe, so Friday’s surge upward appeared to be supported by investor...