24/7 Wall St. Closing Bell — September 19, 2012: Markets Get Lift from Housing News (MON, WM, BRCM, ACHN, CLNE, AZO, CRBL, GIS, ADBE, BBBY, JEF, RAD, QCOR, AET, PHM, GRPN)

24/7 Wall St.

The three major U.S. stock indexes opened mixed this morning, taking until mid-morning to rise above the flat line and stay above it for the rest of the day. The initial response to Bank of Japan’s added $125 billion in asset purchase rallied Asian markets, but reality eventually settled in, at least in Europe, where the BoJ’s move was pretty much ignored. Data on existing home sales put some life into the market (more coverage here), but a sharp spike in crude oil inventories hammered the energy sector (more coverage here).

The U.S. dollar index fell today, now down 0.24% at 79.057. The GSCI commodity index is down 1.3% at 670.13, with commodities prices higher today on the weaker greenback. WTI crude oil closed down 3.5% today, at $91.98 a barrel. Brent crude trades down 3.5% at $108.07 a barrel. Natural gas is up 0.1% today to $2.775…

View original post 481 more words


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s