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Recap Stock Index Market Report
Mon 18 Mar 2013 14:33:03 CT
Related Keywords: Equity Index
Related Keywords: Equity Index
The June S&P 500 experienced a sharp sell off during the initial morning hours, falling to their lowest level since March 5th. The index managed to trend higher throughout the US trading session, recovering 25 points of its early morning loss. Volatility in the market seemed to come from concerns over the latest European casualty, Cyprus, and their new bailout package. As the day unfolded, the US dollar retreated from its high of the morning, and calmer heads prevailed. Some traders indicated that the early morning break in the S&P 500 to 1530.00 was seen by some as a buying opportunity. Some of the upside leadership in the index today came from gains in telecom and technology-related shares. Shares of Apple were up by nearly 3% on the session on prospects that the company might raise their dividend and return more cash back to shareholders.
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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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