Silver Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) this morning is up by +1.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.789%.
U.S stock indexes this morning are moderately higher. U.S. stock indexes are moving higher this morning on positive carry-over from Wednesday when the Fed signaled it is ready to begin tapering bond purchases but said it could still extend stimulus if the economy needs it.
Today’s U.S. economic data was negative for stocks. U.S. weekly initial unemployment claims unexpectedly rose +16,000 to 351,000, showing a weaker labor market than expectations of a decline to 320,000. Also, the U.S. Sep Markit manufacturing PMI fell -0.6 to a 5-month low of 60.5, weaker than expectations of 61.0.
Today’s stock movers…
Cruise line stocks are higher today after Carnival said 8 of its 9 brands had resumed guest sailings and that it is on pace to restart 50% of its fleet... Read more