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Looking Ahead to Friday's Market

September 20, 2012

by Don Moenning

Quick Recap of Thursday’s Session:

Stocks finished narrowly mixed on Thursday following a volatile session of trading. Major indices started the day significantly lower due to weak manufacturing data from Europe and China, once again raising concerns over global growth. The selling ceased at 10:00am EST following a better than expected Philly Fed Index, which helped to rally stocks in intraday trading. Stocks would mostly rally for the remainder of the session to push major indices back towards flat on the day, while the Dow Jones Industrial Average finished in the green.

S&P 500 -0.05%, NASDAQ -0.21%, DJIA +0.14%, Midcaps -0.65%.

Looking Ahead to Friday:

  • Overnight there are no scheduled economic releases from Europe.
  • There are also no scheduled economic releases here in the U.S. on Friday morning.
  • Friday is options expiration, so some volatility is to be expected. However, even with some intraday volatility this week, stocks have made virtually no progress in either direction. With no scheduled economic releases, we may see a quiet end to a relatively quiet week.

     

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