Happy Mufti Day Traders (thanks Highlandlad),
DOW Snapshot from previous trading session
"On paper, investors have plenty of reasons to get off the sidelines. The jobs landscape has been improving, manufacturing has expanded for 13 straight months, and other economic reports have been pointing to steady growth.
But company hiring reports have been mixed, leaving investors confused. On Thursday, FedEx said it would cut jobs, while Boeing said it would ramp up hiring. Small business hiring is similarly mixed. Stocks have drifted on this muddied picture, trading in a narrow range. Indexes had been down slightly for most of the day, but they rose modestly in the last hour of trade. Banking, energy and housing shares ended mostly lower, while tech and retail shares turned higher.
September is a historically down month for stocks -- but they started out the strong, with a rally in the first three trading days as the government's monthly jobs report showed improvement. As more data have come out this month, though, movement has slowed.
"We're entrenched in the same patterns recently," said Stephen Carl, head equity trader at Williams Capital Group. "Data aren't pushing us one way or the other."
Investors remained nervous Thursday about Japan's intervention in the currency market. On Tuesday, the nation's government said it would buy up yen in an attempt to curb deflation.
The yen purchase boosted the U.S. dollar, which helped lift stocks Wednesday. But it also kept uncertainty about the recovery at the forefront of investors' minds, sending gold prices to new record highs. The precious metal is considered a "safe" spot to park cash during times of uncertainty." [Source: cnnmoney.com]
The DJIA Index finished the trading session Up 22.10 pts; and
The SPI Futures are currently: Up 24 pts atm.
Of Note in the US this evening:- Consumer Price Index [Market moving indicator]
- Consumer Sentiment [Merits extra attention]
... AND ...
Of note in Australia today:- Please note there is no 'Economic news' due to be reported in Australia today.
Gold is currently trading Down $1.70 & is sitting at $1,273.80/oz atm [Source: Kitco];
Oil is currently trading Down $0.01 & is at $74.56/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading @ 0.9352 cents [Source: Forex. Live]
Have a great day trading today all!
Cheers, Tweets (:
Please click here to go to the 'Pre-Market thread'
- Forums
- ASX - Day Trading
- daytrades september 17 morning ...
daytrades september 17 morning ...
-
- There are more pages in this discussion • 208 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online