Morning Market Stir: Market Up for 5 Weeks Running

Monday, September 8 – Alan Knuckman reports from the floor of the CME Group in Chicago where equities closed at new weekly highs last week. The S&P closed at 2,006, while the Dow led the way up to 17,117, and the Nasdaq finished at 4,086 now up 14% YTD . The dollar pulled back on Friday to 83.76 after a huge week, with the Euro hanging around at 1.2915 after a big slide following the ECB announcement. Bonds were down to 137’30. Crude dropped to 93.30, a loss of almost $3 for the week, and gold finished the week down $20 to 1,267. This morning, equities are down a little bit, with the S&P at 2,002 early on. The British pound has made a big move lower pushing the dollar higher once again, while bonds are up. Crude is down hitting new lows, and gold is down after failing to hold the 1,270 level.