The major indices bounced back slightly after Tuesday's harsh
selloff. Today's volatile session was guided higher by great
earnings from Amazon and Boeing and the Fed's Beige Book
manufacturing report. The report showed that
economic activity continued to expand in June and early July.
Crude oil futures for September delivery rose
3.2% to $75.88 a barrel after the weekly crude inventories report
showed a decline of 1.1 million barrels. Gold futures for
August delivery fell 1.6% to $673.80 an ounce after the US
dollar rose against the Euro. To read today's futures market recap,
click here.
Around Europe, Germany's DAX index fell 1.5% to 7,692.55,
France's CAC 40 index lost 1.2% to 5,837.11, and Britain's FTSE
100 index lost 0.7% to 6,454.30.
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Market Snapshot |
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Volume |
4,022,032,000 |
2,452,017,000 |
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Strongest/Weakest Sectors |
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Strongest Sectors |
Weakest Sectors |
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CBOE Internet Index (INX) |
Gold Bugs Index (HUI) |
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S&P Insurance Index (IUX) |
S&P Chemicals Index (CEX) |
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Dow Jones Internet Commerce Index (ECM) |
Nasdaq Transportation Index (TRANX) |
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Economic
News |
| Existing Home Sales 5.75 mln vs
5.90 mln consensus; -3.8% m/m change EIA report shows that crude
inventories fell by 1.1 million barrels for the week ended July 20.
Fed's Beige Book says economic activity continued to expand in June and
early July
Fed's Beige Book: Overall consumer spending modest |
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com
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