Quick Recap of Monday’s Session:
Stocks finished modestly higher on Monday in a quiet session of trading. Major indices started the day gaining on the heels of Friday’s positive jobs report and little commotion out of Europe over the weekend. Stocks traded in a tight range for the majority of the session as the S&P 500 maneuvered up and down only 3 points until the end of the day, when sell programs dropped the index 4 points in roughly 20 minutes. Headlines were scarce and there were no particularly significant news items to speak of on Monday.
S&P 500 +0.24%, NASDAQ +0.74%, DJIA +0.17%, Midcaps +0.49%.
Looking Ahead to Tuesday:
- Overnight we get Industrial Production from Italy and the U.K., GDP from Italy, Manufacturing Production from the U.K., and Manufacturing Orders from Germany.
- Before the bell here in the U.S. we get ICSC-Goldman Chain Store sales and Redbook Chain Store Sales.
- Monday was particularly quiet, and Tuesday doesn’t look to be too much busier. Fed Chairman Ben Bernanke hosts a town hall meeting after the close tomorrow, which could have implications for Wednesday. Until then, we expect another tame sessions tomorrow.
S&P 500 - Intraday
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S&P 500 - Last 12 Months
