Tue 14 Aug 2012 14:48:04 CT
The September S&P 500 trended higher during the initial morning hours, climbing to their highest level since April 2nd. The upside action in the stock market was fueled by German GDP data that was slightly better than expected, then from US July Retail Sales that beat consensus estimates. There were also a number of US retail-related companies that posted upbeat quarterly results earlier this morning, and that seemed to support the notion of a healthy consumer. The index struggled to hold into positive territory during the afternoon session and posted new lows into the close. Most of the major S&P sectors were lower on the session, with material-related shares as the downside leader.
View All Market Commentary
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.