Morning Market Stir: Futures and Commodities Preview

From the floor of the CME group Alan Knuckman discusses the sell-off and recovery form yesterday and what it indicates for Tuesday, July 29. Knuckman says the market came back to positive yesterday after a sell-off. The S&P closed up at 1973, DOW was up at 16,823 and the NASDAQ did a turn around closing up at 3954. Both the dollar index and euro currency did not move much yesterday. Bonds closed at 138.09, crude closed down at 101.70 and gold was unchanged at 1306. On Tuesday July 29, index futures are up, the dollar index and euro currency are up, bonds are up 12 points, the 30-year note is down at 3.24% yield and 10-year note is at 2.47%, crude is down and gold is up.