5-Year T-Note Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.15%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.08%.
U.S stock indexes on Thursday settled mostly lower. Better-than-expected U.S. economic data on Thursday sparked concern the Fed may be closer to tapering QE, which weighed on stocks. Weakness in mining stocks on Thursday also weighed on the overall market as metals prices plunged. Strength in retailer stocks Thursday limited losses in the overall market.
Wednesday’s U.S. economic data was mostly bullish for stocks, although the stronger data may allow the Fed to taper QE sooner rather than later. U.S. Aug retail sales unexpectedly rose +0.7% m/m, stronger than expectations of -0.7% m/m. Also, Aug retail sales ex-autos rose +1.8% m/m, stronger than expectations of unchanged and the biggest increase in 5 months. In addition, the Sep Philadelphia Fed busin... Read more