At 8:35 a.m. futures are modestly higher, the dollar is down, and oil is slightly higher. In addition the weekly initial jobless claims numbers is down 21,000 from last week. One might lean towards the market being fluffy at the opening and possibly longer.
Investors are poised to see what kind of action the Fed will take to stimulate our under stimulated economy. The announcement comes on November 3rd.
CNN: Stocks set to open higher
Speculation over just how big of a move the Fed is going to make has dominated talk on Wall Street.
Stocks will likely remain on a rollercoaster leading up to and probably after the Fed announcement on Nov. 3.
The dollar fell against the euro, Japanese yen and the British pound.
Oil for December delivery gained 11 cents to $82.07 a barrel.
2 comments:
OIL is going where these days? Gasoline goes up 10X faster then it falls, ever notice that?
Who knows how the price of gas is calculated? Its a mystery. That would be a good little research for someone.
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