Quick Recap of Monday’s Session:
Stocks finished lower on Monday, making it 16 of the last 18 Mondays in the red for the S&P 500. Major indices started the day lower following lowered growth forecasts for East Asia from the World Bank and ongoing concerns surrounding the Eurozone. Trading was choppy in the morning, but things quieted down as the day went on. The S&P 500’s movement was relatively quiet throughout the session, trading just a 5-point range for most of the day. Stocks finished lower, but higher than their intraday lows. Tech giant AAPL lagged again, finishing -2.21% on the session, crashing below its 50-day moving average. Today’s negative finish makes it 16 of the past 18 Mondays in the red for the S&P 500. Anyone see a trend here?
S&P 500 -0.35%, NASDAQ -0.76%, DJIA -0.19%, Midcaps -0.34%.
Looking Ahead to Tuesday:
- Overnight we get Industrial Production & Manufacturing from the UK, CPI from Greece, and Trade Balance from France and the UK.
- Before the bell here in the U.S. is the NFIB Small Business Index, ICSC-Goldman Chain Store Sales, and Redbook Chain Store Sales.
- Worth noting is that after tomorrow’s closing bell, we kick off earnings season with a few high profile announcements from Alcoa (AA) and YUM! Brands (YUM).
S&P 500 - Intraday
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S&P 500 - Last 12 Months
