Traders Wary Ahead of CPI Report
Stocks ended mixed ahead of tomorrow’s CPI report.
Automotive stocks led the S&P today after DaimlerChrysler
(
DCX |
Quote |
Chart |
News |
PowerRating)
announced it was selling an 80% stake in its Chrysler unit to a
private equity firm. Ford
(
F |
Quote |
Chart |
News |
PowerRating) and General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)
shares each added 4% in today’s session.
June crude futures finish
slightly higher at $62.46 a barrel.
June gold futures end lower by 0.3% to $670.10 an ounce.
Around Europe, Germany’s DAX Index
lost 0.4% to close at 7,459.61, France’s CAC 40 Index lost 0.4% to
6,026.42, and Britain’s FTSE 100 gained 0.5% to 6,555.50.
Today’s
PowerRatings Heat Map is starting to have a bearish bias after last Friday’s
rally. Sectors that look particularly weak are
Transportation, Metals and Mining, and Diversified Services.
Click here to see our new list of indicators that includes
Gaps Down 5% or More,
2-Period RSI Below 2,
Stocks Up 10% or More. Historically proven edges make
these a great place to start making a watch list.
Stocks in Motion |
|
|
| Market Snapshot | ||||||||||||||||||||||||||||||||||||||||||||
|
Strongest/Weakest Sectors |
||||||||
|
Economic News |
|
|
Darren Wong
Associate Editor
darrenw@tradingmarkets.com