Stocks have given up all of yesterday’s strong gains now. The markets drifted lower into the early afternoon as the dollar flirted with its own session highs. Then, as the S&P 500 fell below its Wednesday close of 1,042 (which was a 3-week low), the markets took another move lower. A notable increase in volume of the S&P 500 SPDRs was also seen by traders as the S&P fell below this support level. Read More
Thursday's economic reports should paint a fairly current picture of the state of manufacturing, housing, and the consumer, all key pillars of the economy. Read More
October could bring some rock and roll back to the stock market. "It's been a good run so far, so we should expect some kind of turbulence," said J.P. Morgan chief equities strategist Thomas Lee. Read More
The challenge for markets Thursday will be whether weekly jobless claims and existing homes sales confirm the Fed's view that the economy and housing are getting better. Read More