Fri, Jun 28 - 4:45 PM ET CLOSING TECHNICAL SIGNAL: Floating headed into the weekend as MBS close near the highs. And with muted inflation, QE III should live on until at least the end of this year. MARKET WRAP: IBM led Stocks lower today and the S&P, Dow and Nasdaq all moved lower this month. The 3.5% coupon managed to close near unchanged after a big drop earlier in the session closing at 101.47 up 3bp. The Dow dropped 114.89 to 14,909.60, the S&P 500 fell by 6.92 points to 1,606.28 while the Nasdaq closed near unchanged at 3,403.25. For the quarter the Dow gained 2.2%, the S&P rose 2.3% and the Nasdaq was up 4.2%. Oil was last seen at $96.48/barrel down 58 cents. Next week is holiday shortened - the Bond markets will close early at 2:00pm ET on Wednesday and Stocks will close at 1:00pm. All capital markets will be closed on Thursday for 4th of July. Non-farm payrolls will be released on Friday morning and it is expected that employers added 165K new jobs in June.
Posted on: Fri, 28 Jun 2013 21:02:14 +0000
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