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 Soar on First Trading Day of 2010 … Energies, Materials Lead Sectors Into Overbought Territory … Top Stock PowerRatings Stocks Include: ANN, HTZ, RIGL … Silver (SLV) Leads Crude Oil (USO), Gold Higher … VIX Stretch Above 10-Day Collapses with Buying Surge … Top ETF PowerRatings Funds for Today Include: XHB, VOE, IJH.
Major indexes hit a 15-month high despite increased global tensions on the first day of 2010. Synnex Corp announces earnings after the close on Tuesday.