STOCKS FALL: Here's What You Need To Know
Jul 24, 2013, 01:30 IST
REUTERS/Suzanne Plunkett It was another pretty quiet day in the markets.
Advertisement
First, the scoreboard:
- Dow: 15,569.5, +24.8, +0.1%
- S&P 500: 1,692.0, -3.4, +0.2%
- NASDAQ: 3,577.3, -22.7, -0.6%
And now, the top stories:
- The stock market continues to sit right near its all-time high. According to LPL Financial's Jeff Kleintop, this is the strongest bull market in the post-World War II period.
- The FHFA's index of U.S. home prices climbed by just 0.7% in May, falling just shy of expectations for a 0.8% gain.
- The Richmond Fed's index of manufacturing activity in the central Atlantic unexpectedly dropped to -11 in July from +8 in June. Economists were looking for a reading of +9.
- According to the Philly Fed's updated stats on coincident indicators, seven of the 50 united states are showing decreasing levels of economic activity. Furthermore, April's reading was revised down to 0.5% from an earlier reading of 0.7%.
- Don't Miss: 14 Charts FedEx CEO Fred Smith Watches When He Thinks About The US Economy »