Will late buying in dollar stores like Family Dollar trigger rallies in other retailers?
Stocks traded in a narrow range ending the session mixed but little changed. The Institute for Supply Management (ISM) broke above the critical 50 level indicating growth in the service sector.
U.S. Markets Edge Higher … S&P 500 (SPY) Leads Dow (DIA), Nasdaq 100 (QQQQ) … Top Stock PowerRatings Stocks for Today Include: NTRI, VLTR, ARUN … VIX Stretch Below 10-Day Nears 4% … Silver (SLV), Crude Oil (USO) Among Major Commodity Gainers … Top ETF PowerRatings Funds for Today Include: RTH, XLY, ICF.
The U.S. dollar fell hard against the major currencies while the automakers announced an improved December. Discount retailer Family Dollar Stores has its sights set on an EPS of 47 cents before the open on Wednesday morning.