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Mid-Session Stock Index Market Report
Tue 18 Sep 2012 11:11:00 CT
Related Keywords: Equity Index
Related Keywords: Equity Index
The December E-mini Dow and S&P 500 slipped to a new three day low during the initial morning hours but managed to turn toward unchanged levels by mid session. The broader market came under pressure following a weaker than expected quarterly report from FedEx, which lowered their full year profit outlook on a weakening economy. Meanwhile, US economic data this morning on US homebuilder sentiment jumped to a new six year high in September, and that helped equity markets recoup early losses. Shares of the NASDAQ drafted support from gains in Apple above the $700.00 level. Most of the major S&P sector indices were in negative territory, with downside leadership coming from energy and material-related shares.
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*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.
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