There wasn't much to complain about Monday, but still a lot of information (and perhaps nachos and wings) to digest.
Indeed, the markets spent Monday chewing over last week's helpings of confirmation signals. The six-month-long rally was "confirmed" by the Dow Jones Transportation Average hitting a new all-time high, as did the Russell 2000, S&P 400 Mid-Cap index, the NYSE Composite and the NYSE advance-decline line (or the ratio of stocks gaining vs. those losing ground).
Likewise, the Federal Reserve stepped out of the way of the markets, acknowledging the economy's soft landing and foreshadowing no interest rate adjustments for a good while. The bulk of earnings season is behind us, and profits so far point to yet another quarter of double-digit growth. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet