The stock market was schizophrenic this week.� It loved the Fed, it hated the Fed.� It loved the earnings reports, it hated the earnings reports.� Not surprisingly, the indices ended mixed for the week.� Ultimately though, the fundamentals improved.
The market opened the week with a mixed day on Monday.� The S&P lost 2 points, but the Nasdaq and Dow were up.� The market was looking forward to the PPI and CPI data later in the week and the flood of earnings reports that would start after the close on Monday.�
Picking a Frozen Dinner. The clock is ticking, and you need dinner fast. To find the best frozen meal, focus on the fat (no more than 3g per 100 calories), saturated fat (no more than 1g per 100 calories) and sodium (no more than 200mg per 100 calories).
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Star Magazine
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2:56 pm PT Schnitzer Steel Receives Nasdaq Notice Regarding Delayed Filing of Form 10-Q (SCHN) 33.17 -1.25 : �
2:17 pm PT Market Internals (MKTIN) : The Dow decreased 0.55% closing at 10868, the Nasdaq was down 0.93% to finish at 2020, and the S&P was down 0.71% to finish at 1240. Leading sectors included: auto parts and equip +8.9%, trading companies and distributors +3.3%, systems software +3.1%, biotech +1.6%, auto manu +1.5%. Lagging sectors included: construction and engineering -5.0%, coal and consumable fuel -5.0%, steel -4.3%, consumer finance -3.6%, semiconductors -3.5%. Today's movement came from higher than avg. volume (NYSE 1920, vs. closing avg of 1722; Nasdaq 2409, vs. 2042), with lower advance/decline ratios (NYSE 1117/2142; Nasdaq 778/2220, and with new lows outpacing new highs (NYSE 43/167, Nasdaq 31/275).