Morning Market Stir: Futures and Commodities Preview
From the floor of the CME group in Chicago, Alan Knuckman discusses the upward movement streak in market.
From the floor of the CME group in Chicago, Alan Knuckman discusses the upward movement streak in market from the past three days and what it indicates for Wednesday, June 18. The S&P led the day, up five points, Dow added 31 and the NASDAQ was flattish but still positive, up 0.25 points. Dollar added 14 ticks, euro currency down 25, although it did push up to the 136 level before some selling. Bonds down 29, pushing yields marginally higher. Crude up $0.55 as tensions eased in the Middle East; gold down $3. After the big sell-off we saw last week, such flattish-positive movement is a relieving trend. For Wednesday, June 18, index futures are up, bonds and crude are higher, yields are higher in 30-year and 10-year note, and gold is down.
