As for the announcements today there are many:
• Motor Vehicle Sales Consensus
• MBA Purchase Applications 7:00am
• ADP Employment Report 8:15am
• PMI Manufacturing Index 9:00am
• ISM MFG Index 10:00am
• Construction Spending 10:00am
• EIA Petroleum Status Report 10:30am
• FOMC Meeting Announcement 2:15pm
The market will open at a decline today with the S&P 500 down 0.43%. That
downward trend is not affecting the 10-year treasuries and Oil though; both are on
the rise with increases of 1.35% and 0.44% respectively. The dollar is also on the
upswing at 0.08%.
In the tech field Apple lovers have been refueled with the rumors of a special event
on September 12th. This alone has sent the stock back over the $600 mark as most
are expecting this event to be the unveiling of the iPhone 5 and possibly the new,
smaller iPad.
Make sure to check out our weekly webinar and follow us on Twitter
@keeneonmarket!