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Sellers make their presence known in the opening action, sending the indices lower... Economic and earnings news have been a bit of a disappointment as both have generally missed consensus estimates... August Industrial Production & Capacity Utilization showed slower rates of growth as both were impacted by the rise in energy prices... July Business Inventories did top market expectations, but that report is generally considered out of date given its late release...
Soft patch??? Recession in my opinion.
[align=right]
Dow 10,269.27
-48.89
(-0.47%)
Nasdaq
1,900.04
-15.36
(-0.80%)
S&P 500
1,123.32
-5.01
(-0.44%)[/align]
Sellers make their presence known in the opening action, sending the indices lower... Economic and earnings news have been a bit of a disappointment as both have generally missed consensus estimates... August Industrial Production & Capacity Utilization showed slower rates of growth as both were impacted by the rise in energy prices... July Business Inventories did top market expectations, but that report is generally considered out of date given its late release...
Soft patch??? Recession in my opinion.
[align=right]
Dow 10,269.27
-48.89
(-0.47%)
Nasdaq
1,900.04
-15.36
(-0.80%)
S&P 500
1,123.32
-5.01
(-0.44%)[/align]