As a general recap, indexes were red, and the market fell Monday. Just after the close, the $S&P 500 Index fell 0.11%, the $Dow Jones Industrial Average fell 0.30%, and the $Nasdaq Composite Index climbed 0.56%.
By direction, 6800 equities fell, while just 6500 climbed.
Drama struck equity price shortly after 10 AM the New York Stock Exchange showed pricing errors, displaying $Berkshire Hathaway-B (BRK.B.US)$ down 99%. After 11:30 AM EST the stock was trading again, and the NYSE said the tech issue had been solved.
In macro this week, investors will watch for Initial jobless claims, non-farm payrolls, and unemployment data.
Last week, the Personal Consumption Expenditure Index inflation gauge showed a slight month-to-month slowdown. Core prices climbed just 0.2% from March to April, while year-over-year changes came in at expectations, maintaining last month's 2.7% regular and 2.8% core price growth.
Thursday, revised GDP numbers for Q1 showed the U.S. economy grew at a slower 1.3% annual pace in the first three months of the year, largely due to softer consumer spending. The numbers were revised down from a previous 1.6%.
The $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell to 4.81, and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ 4.40.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
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