The Closing Look

Stocks ended mixed on Wednesday as oil prices fell another 3%. Economic data was relatively light. Import prices fell -0.2% last month and economist’s were expecting a decline of -0.1%. Over the past year, import prices slid -2.2%, which was the smallest decline since October 2014. In other news, shares of Apple Inc. (AAPL) broke out and hit a fresh 2016 high after optimism spread regarding the new iPhone.

Gary’s Thoughts: Mixed is the word. But possibly some reverse churning. We did want to say as we do our scans, lots of near term damage done. We’ll see if it turns into longer term. Casino gaming also showing up on screen as emerging.