The U.S. stock market didn't quite know where to go Monday as it geared up for a congregation of Federal Reserve officials later this week. The Dow was off 0.2%, the S&P 500 gave up 0.1%, and the Nasdaq climbed 0.1%.
On CNBC's "Fast Money" TV show, Jeff Macke said that today begins a big week. He said that the Fed's release will be the most interesting the market has seen in a while. He predicted the Fed would stop cutting rates. The guidance segment of the report will be the most important. He expects this week's jobs report to "stink," and said today's unchanged market reflects that traders are getting ready for a slew of information in upcoming days. Karen Finerman agreed.
Tim Seymour noted that volume was down 25% and pointed out that GDP numbers will be as an important indicator for investors. He said that a negative print may indicate to the market that the U.S. has seen the worst of the recent economic slump.
3 Stocks I Saw on TV |
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
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DOWN
154.48
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19.14
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37.61
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0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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