(Wednesday Market Open) After several days of tumbling amid trade war fears, markets look like they’re ready to possibly rebound a little Wednesday. Strength in European and Asian indices overnight could help provide some traction, and a slight pullback in bond prices might indicate more willingness among investors to embrace risk.
At the same time, volatility faded a bit, with the Cboe VIX falling back below 13 after rising above 14 earlier this week.
Despite these positive developments and a rally in pre-market trading, there’s no major change on the trade front that’s helped pin down stocks over the last few days. Maybe after a six-day losing streak for the Dow Jones Industrial Average ($DJI), people are simply engaged in some bargain hunting. Whether this can give the market a lift that lasts is unclear. We shall see.
In a major development r
Day 3 of gains in early trading amid volatility and devoid of news. The first two were marked by late-day fade outs. Maybe today could be different. And maybe not.
There are generally reasons for every zig and zag during a session, but sometimes they’re tough to uncover. Today might be one of those days.
Markets looked like they were struggling for conviction in the early going. What swings an index early on might not hold it into the close.
After spending most of the day in positive territory, and picking up steam after the Federal Reserve released the minutes from the last meeting of the Federal Open Market Committee, things got ugly.
Fed minutes this afternoon look like the event of the day as investors await any new hints on the Fed's inflation views.
Wal-Mart shares plunged 10% Tuesday, helping spread weakness to the Dow Jones Industrial Average and across Wall Street, with retail taking the biggest hit.
The six-day win streak on Wall Street appears to be threatened early Tuesday after disappointing Wal-Mart results and as the dollar regained strength.
Despite a late selling surge, the S&P 500 (SPX) managed to hold on for its sixth-straight session of gains. A three-day weekend is next, and then retail earnings.
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