What Happened In the Senate To Push Equities Higher?
US stocks were slightly
higher, while Treasuries rose for a second straight the day.
Equity
Equities were higher in
the wale of a high showing in today’s consumer confidence report and after a
Senate Committee adopted medical standards for identifying victims of asbestos
exposure. The Nasdaq future
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down 8.00 to close at 1197.00. The S&P 500 contract
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982.50,
and the Dow
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Fixed Income
U.S. Treasuries were were higher amid investor uncertainty over
what course the Fed will take tomorrow at its FOMC meeting. Â The 10 year futures contract
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up 125 to close at 119-085; the 30 year
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was up 24 at 120-09; and the five year note was up 080 at 116-105.
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Metals
July gold
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347.80 as a result of dollar an equity market strength. Silver
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down 1.5 at 4.50. Copper was up by .10 at 76.75
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up by .0030 to close at .6510.
Energy
July crude
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close at 28.88, and natural gas, was down by .011 at 5.686
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Currencies
The USD index
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finished at 94.83.