The Closing Look

Stocks were closed on Monday in observance of Labor Day. On Tuesday, stocks were quiet as investors returned from the long holiday weekend. Over the weekend the G-20 held their latest meeting but didn’t agree to anything substantial. On Tuesday, the ISM non-manufacturing index fell to a 6.5 year low and missed estimates. This was the latest in a series of weaker-than-expected economic data points which reducing the odds of a Fed rate hike anytime soon.

Gary’s Thoughts: Strong big cap tech/internet and the like….good to see.