daytrades september 24 morning ...

Happy Mufti Day Traders (thanks Highlandlad),

DOW Snapshot from previous trading session

"Stocks stumbled in the final hours of a lackluster session and ended near session lows, as nervous investors weighed a surprise jump in weekly jobless claims with a better-than-expected reading on the housing market.

The Dow Jones industrial average (INDU) dropped for a second straight day, falling 77 points, or 0.7%. The blue-chip index had tumbled as much as 94 points during the first hour of the session, then recovered to add 23 points before slumping just below the breakeven line for a majority of the trading day.

Stocks took a slide at the open after a surprise jump in jobless claims, but clawed back from the deep losses following reports that showed a bounce in existing homes and an improvement in the index of leading indicators, which gauges the economy's performance over the next three to six months. Trading remained in a tight range most of the day as worries about the job market and the broader economy continued to weigh on sentiment, but stocks lost steam in the late afternoon.

"We got a bit of good news in housing and the overall economy, but there's still a great amount of uncertainty about the labor market," said Peter Tuz, president at Chase Investment Council. And though the rebound in home sales was a welcome change since they plunged 30% to a record low the previous month, the housing market recovery remains sluggish." [Source: cnnmoney.com]

The DJIA Index finished the trading session Down 76.89 pts; and
The SPI Futures are currently: Down 45 pts atm.

Of Note in the US this evening:

Durable Goods Orders [Market moving indicator]

New Home Sales [Merits extra attention]

... AND ...

Of note in Australia today:

Please note there is no 'Economic news' due to be released in Australia today.

Gold is currently trading Up $1.80 & is sitting at US$1,294.30/oz atm (Live) [goldprice.org];
Oil is currently trading Down $0.31 & is at $74.87/barrel [Bloomberg]; and
The Dollar: The AUD/USD is currently trading @ 0.9468 cents [Forex. Live]

Have a great day trading today all!

Cheers, Tweets (:

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