The broader stock indices are negative as the clock ticks toward the close but just barely
<p>The broader S&P and NASDAQ index are marginally lower (the S&P is virtually unchanged). The Dow industrial average is down around -0.20% with around 45 minutes left in the trading day.</p><p>At stake are up streaks of 8 days for the S&P and Dow indices and 9 days for the NASDAQ index. Quite frankly if they closed negative by a marginal amount, I don't think the market will be hugely disappointed that the strings are broken. It has to happen sometime.</p><p>Today there was hope that both Feds Powell and Williams would give some comments about the economy/policy, but both chose not to weigh in. </p><p>Tomorrow Fed's Powell will be speaking again (at 2 PM ET). More specifically he is due to participate in a panel discussion titled "Monetary Challenges in a Global Economy" at the Jacques Polak Annual Research Conference, in Washington. ECBs Lagarde is also scheduled to speak at 12:30 PM ET</p><p>US initial jobless claims will be released at 8:30 AM. The treasury will auction off 30 year bonds to complete the coupon auctions this week. The 3 and 10 year note auctions were met with average demand (which is ok). </p>
This article was written by Greg Michalowski at www.forexlive.com.
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