The $SPX rejected lower lows and in extended hours we are trading higher. The Dow and S&P 500 advanced, boosted by energy shares, while the Nasdaq ended lower. Lower-than-expected U.S. retail sales data dragged the dollar and Treasury yields down, adding to bets the Fed was unlikely to increase interest rates in June. Crude rose
SPX, trading at the low range of yesterday levels. Bulls rechected lower levels so far today. Concerns about the impact of the dollar’s strength on the profits of multinational companies dragged Wall Street lower. Treasuries edged higher ahead of a busy week of economic data. Crude rose, supported by worries about Iran and turmoil in Yemen,
KEY DATA: Here are some thoughts There were a lot of layoffs in oil and gas but these layoffs are slowing. There was significant impact of rising dollar, but lately, the strength in dollar has reversed. Bad weather contributed to the ugly number but the bad weather is behind us. The number is significantly below
The markets should probably continue with a positive course for most of the week, as investors keep adjusting to lowered earnings forecasts and the uncertain direction of the dollar. The greenback may continue to feel some pressure as funds flock to Europe — an additional $5.4 billion went into EU funds this past week, but it