Morning Market Stir: ECB Announces Rate Cut

Thursday, September 4 – Alan Knuckman reports from the floor of the CME Group in Chicago after a mixed day in the futures.
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Thursday, September 4 – Alan Knuckman reports from the floor of the CME Group in Chicago after a mixed day in the futures. Yesterday, the S&P hit new highs before closing negative on the day at 1998.75, while the Dow finished up at 17,073, and the Nasdaq closed lower at 4,072. The dollar was down to 82.89, with the Euro up to 1.3146. Bonds were up to 138’30. Crude had a volatile move higher to 95.54, and gold attempted to bounce finishing at 1,270. This morning, equities continue to hang around the 2,000 level on the S&P with other markets also remaining range bound. In light of the ECB announcement, the dollar has exploded higher, with the Euro getting clobbered. Bonds are down again, with crude holding and gold up slightly.