US Stock Market Up Date; Major Averages Back in the Black
US Stock Market Up Date; Major Averages Back in the Black
XLU
DJIA +7.24 at 13986.54, NAS +1.85 at 3173.43, S&P 500 +0.75 at 1512.04
The US major market averages have broken into positive territory, but they are registering limited gains.
The S&P 500 is adding 0.1%.
Cautious sentiment has persisted through the morning session as the markets await a statement from Italy’s third largest bank, Monte Paschi. Bank representatives are expected to announce the extent of its derivative losses at some point today.
The discretionary sector has shown strength since the open while financials, materials, technology, and telecoms have climbed into the black since.
Utilities are trailing behind the broader market with the SPDR Utilities Select Sector ETF NYSEArca: XLU 36.44, -0.08 down 0.2%.
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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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