This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Stocks Finish Mixed as Bonds Slump

At the same time, the New York Fed's Empire state survey showed that the general business conditions index weakened to negative 5.85 in August from 7.39 July.

"From a market standpoint, today's data works in favor of those believing the Fed is more likely to ease policy in coming months," said Dan Greenhaus, chief global strategist at BTIG. "Core prices appear to have topped out for now while headline prices have been pushing lower since the middle of 2011. The FOMC will not like that very much."

"The Empire Manufacturing survey is our first look at the manufacturing sector each month and in August, our first look was not good," he added. "The report isn't entirely negative per se but it's certainly broadly negative."

Meanwhile, the Federal Reserve said industrial production rose 0.6% in July, after increasing by a downwardly revised 0.1% in June, due to a weather-related 1.3% gain in utilities output and a 1.2% increase in mining output. Capacity utilization rose to 79.3% after increasing to 78.9% the month before. On average, economists had predicted that industrial production would rise 0.5% and that capacity utilization would rise to 79.2%.

The National Association of Home Builders/Wells Fargo Housing Market Index gained two points to 37 in August, showing that builder confidence in the market for newly built, single-family homes improved for a fourth straight month. This gain brings the index to its highest level since February 2007. Economists thought the index would stay at 35.

September crude oil futures settled up 90 cents at $94.33 a barrel and December gold futures added $4.20 to settle at $1,606.60 an ounce.

The benchmark 10-year Treasury was seeing another heavy decline, losing 21/32, raising the yield to 1.815%. The greenback was up 0.15%, according to the dollar index.

The FTSE in London finished down 0.54% and the DAX in Germany closed 0.40% lower.

The Hong Kong Hang Seng index closed lower by 1.18% and the Nikkei in Japan finished down 0.05%.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CSCO $29.51 -1.34%
JDSU $13.77 3.38%
AAPL $128.46 -1.50%
FB $78.97 -1.79%
GOOG $558.40 0.53%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs