Chart Of The Day: Crude Oil Fell Hard After The Inventory Data
Intra-day chart of Crude Oil
The Closing Look
Stocks opened higher but closed mixed to lower on Thursday as investors waited for Friday’s always fun jobs report. Before the open, ADP, the country’s largest private payrolls company, said U.S. employers added 172,000 new jobs in June, beating estimates for 150,000. A separate report showed that weekly jobless claims slid by 16,000 to 254,000 last…
The Closing Look
Stocks opened lower but turned higher after the bulls showed up and defended the 50 DMA line for the major indices. The ISM non-manufacturing PMI rose to 56.5 last month versus 52.9 in May. Markit’s U.S. services PMI edged higher to 51.4 in June, up fractionally from 51.3 in May. At 2pm EST, the Fed released…
Gross Says $10 Trillion of Zero, Negative-Yield Bonds Drag Global GDP @FoxBusiness
http://www.foxbusiness.com/markets/2016/07/06/gross-says-10-trillion-zero-negative-yield-bonds-drag-global-gdp.html
Is the Fed Confused? Or is it the Economy, Stupid? @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/24/is-fed-confused-or-is-it-economy-stupid.html
Fmr. Fed Vice Chair Rivlin: Labor Market is Our Strength @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/31/fmr-fed-vice-chair-rivlin-labor-market-is-our-strength.html
Atlanta Fed lowers U.S. second-quarter GDP view to 2.4%
http://www.reuters.com/article/us-usa-bonds-atlantafed-idUSKCN0ZM1VL
Fed wants clarity on Brexit’s impact before hiking rates – minutes
http://www.reuters.com/article/us-usa-fed-idUSKCN0ZM23F
Verizon raises wireless plan rates, offers more data
http://www.reuters.com/article/us-verizon-wireless-idUSKCN0ZM22N?il=0
Required Reading
DOJ to probe shooting of black man by Louisiana cops Reuters TV: Protesters take to the streets Fed wants clarity on Brexit’s impact before hiking rates – minutes Obama, in shift, says he will keep 8,400 U.S. troops in Afghanistan until 2017 Ex-Fox News host sues CEO Roger Ailes claiming sexual harassment Surprise as Pistorius…