Quick Recap of Thursday’s Session:
Stocks finished mixed on Thursday in a relatively quiet day of trading given a mix of more eventful headlines. Despite the Bank of England launching a 3rd round of quantitative easing, as well as rate cuts from the ECB (to all-time lows) and China, stocks sold off in the morning as spiking rates in Spain and comments from ECB’s Draghi weighed on sentiment and pushed the euro lower. Economic data in the U.S. was a mixed bag of inputs as employment and weekly jobless claims were better than expected, but offset by a weak Bloomberg Consumer Comfort report and a lousy ISM Non-Manufacturing report. Stocks would mostly rally back and pare the day’s losses. The strong action is partially being attributed to Goldman Sachs giving up on its “market short” call on June 21st. Stocks sold off into the late afternoon to finish mostly negative, though a couple major indexes were slightly green.
S&P 500 -0.47%, NASDAQ +0.00%, DJIA -0.36%, Midcaps +0.03%.
Looking Ahead to Friday:
S&P 500 - Intraday
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