Looking Ahead to Friday's MarketAugust 9, 2012 @ 4:11 PM EST
Quick Recap of Thursday’s Session:
Stocks finished narrowly mixed on Thursday following another quiet session of trading. Major indices started the day rallying as better than expected jobless claims lifted sentiment. Other areas of focus were weak Chinese economic data and continued concerns surrounding Europe. The S&P 500 traded in a 7 point range from top to bottom intraday, though it spent the latter half of the session in a 2 point range moving sideways into the close. Thursday’s session was particularly quiet, and stocks made little progress.
S&P 500 +0.04%, NASDAQ +0.25%, DJIA -0.08%, Midcaps +0.22%.
Looking Ahead to Friday:
- Overnight we get CPIs from Germany and Italy, Industrial & Manufacturing Production from France, and PPI from the U.K.
- Before the bell here in the U.S. we get Import/Export Prices.
- This week has been extremely quiet, and Friday doesn’t look to be much different. The bulls and bears seem to be in a deadlock with nobody home and nothing pushing the market to either side. Barring some surprise headlines from Europe or some Fed rumors, Friday could be a real snoozer.
S&P 500 - Intraday
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