With today’s rally, the S&P 500 is once again back above the 1,100 level. The index has hovered above that threshold intraday on five different trading sessions during the past month. However it has fought some resistance there, failing to close above that level on each of those days. In fact, the S&P has not closed above 1,100 since October 2, 2008. Read More
Anyone know why futures are weaker...anyone? Futures are weaker as President Obama's imposition of a 35 percent tariff on auto and light truck tires from China has traders worried about a potential trade war. China has responded by probing the alleged dumping of American auto and chicken products. Read More