Readers Lean Bearish as Week Begins
Update includes final results of weekly market poll
NEW YORK (TheStreet) -- Feeling confident? Perhaps not so much. That's the take from the latest TheStreet.com RealMoney Barometer survey as the poll results suggest readers are leaning bearish prior to the kickoff of a trading week that will see the release of consumer confidence data on Tuesday and the September jobs report on Friday. The bears took 619, or 49% of the 1,261 votes cast. The bulls got 416, or 33%, while neutral came in with 226, or 18% of the votes cast. By a wide margin, commercial banks led the sectors that were seen poised to move lower this week, with homebuilding placing second and precious metals third. Precious metals was picked as most likely to rise, with commercial banks coming in second. It is the second week in a row the bears claimed victory. Last week's sentiment showed in the market's performance over last week, as Wall Street finished lower after durable goods data and new-home sales disappointed. For the week, the Dow Jones Industrial Average fell 1.6%, the S&P 500 gave up 2.2%, and the Nasdaq Composite lost 2%. To see the full results of this week's poll, click here:
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,058.64 | 1,070.52 | 2,150.87 | 36.33 |
Oil *
72.02
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|
UP
150.25
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UP
13.78
|
UP
24.82
|
UP
0.41
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10 Yr
3.63%
SPDR Gold
105.45
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+1.52%
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+1.30%
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+1.17%
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+1.14%
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Data delayed 20 minutes |
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