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26Apr2016 Market Update: WTI Crude Prices Rises Modestly, US Dollar Melts Back Up From Support, Averages Mixed As Are Indicators
Tuesday, April 26, 2016 10:50
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Written by Gary
US markets opened higher as expected, but quickly trended into the red, but stopped the downward trend by 11 am. Early afternoon trading has the averages mixed with the large caps flat and the $RUT up almost one percentage point. The FOMC meeting today will bring about much interest in the Fed’s statement as in the decision itself, the bulls will see the report optimistically and the bears’ pessimism could indicate there will be no such thing anytime soon.
Source: http://econintersect.com/pages/market/market.php?post=201604261226
