Stocks go nowhere – Here’s what you need to know…

Market Recap for Monday, July 10th, 2017

Stocks got off to a slow start today.

This morning, the major indices opened slightly below Fridays close. And in the first 30 minutes of trading, the markets tried to find some direction.

Stocks finally decided to move higher, and the major indices drifted higher through the rest of the session.

It looked like stocks were closing at session highs.

But with 20 minutes left in trading, stocks retreated from highs and ended the session mixed.

The NASDAQ led the indices for the 2nd day in a row with a 0.4% gain. But while the S&P and NASDAQ finished in positive territory, the DOW ended with a small loss.

Here’s where the major indices ended the day:

  • The S&P finished with a 0.1% gain. The S&P added 2 points and ended at 2,427.
  • The DOW ended flat. Down just 6 points, the DOW closed at 21,409.
  • The NASDAQ was up 0.4%. Adding 23 points, the NASDAQ finished at 6,176.

Crude Oil (CL) opened the day with a loss. However, rallying throughout the morning Crude Oil finished the session 0.4% higher at $44.41 a barrel.

In other news, on Friday Gold dropped 3.5% and hit a 4-month low. Today, Gold gained $3.50 and settled at $1,213.20 per ounce, up 0.33%.

Today was quiet with no major reports on the economic calendar. But it’s going to be a busy week.

After tomorrow, the economic calendar gets pretty active. We also have a busy week for Fed members (most significant being Yellen’s testimony on Wednesday and Thursday), and we’re also getting into 2nd quarter earnings season.

Here are tomorrow’s key reports: JOLTS Job Openings at 10:00am ET and FOMC Member Brainard Speaking at 12:30pm ET.

This Week’s Economic Calendar

Real Time Economic Calendar provided by Investing.com.

Have a great trading week!



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