Markets Now: Dow Gains 15 Points Because…Summer
Want to know why the Dow Jones Industrial Average is doing what it's doing? Check back here for a semi-live look at the volatile markets from Barron's reporters.
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7.50 a.m. The S&P 500ended Tuesday just half a percent away from a new all-time high, and begins Wednesday pretty much where it left off. S&P 500 futures have ticked up 0.75 point, or 0.03%, while Dow Jones Industrial Average futures have advanced 15 points, or 0.06%. Nasdaq Composite futures have dipped 0.01%.
If the S&P 500 is going to get there, it's going to do it much the way it's been moving higher over the last few days--with little in the way of macro news to push it higher or lower. "Markets are roughly unchanged across currency, commodity, bond and stock markets this morning as the summer slowdown takes hold and news flow is slow," writes Evercore ISI's Dennis DeBusschere.
Is it ever.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.