(INDEXSP:.INX) closed the day down 0.15% on a quiet day.
This morning, the ISM services index topped estimates, recording
a reading of 56.0 versus the 53.0 consensus as new orders spiked.
This is the strongest level reported since February, and a big
reversal from June's disappointing number.
In a speech today, Dallas Fed President Fed Fisher announced
that the FOMC is "closer to execution mode" on tapering its bond
The 10-year US Treasury yield traded 4 bps higher to 2.64%,
driving bond prices down.
And in commodities, gold sank 0.6% to $1,302 per ounce. Crude
oil fell 0.33% to $106.6 per barrel.
) surged 7% on rumors of strong sales of its Q10 smartphone, while
Tesla Motors, Inc.
) shot up yet again ahead of earnings later in the week.
) jumped 1.5% after President Obama vetoed a ruling that would have
banned the sale of some of Apple's older products.
The Japanese PMI report came in worse than expected last night,
and the ever volatile
(INDEXNIKKEI:NI225) sank 1.44% on the news.
Tomorrow's Financial Outlook
The US trade balance will be released at8:30 a.m. EDT tomorrow
morning. The consensus calls for a deficit of $43 billion. Charles
Evans, President of the Federal Reserve Bank of Chicago, will be
speaking at1:00 p.m. EDT tomorrow .
Allegheny Technologies Incorporated
DISH Network Corp
First Solar, Inc.
MGM Resorts International
(MGM) are a few of the major companies releasing earningstomorrow
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Media, has a business relationship with BlackBerry.