Jun 11, 2014

Morning Market Report

A good day on the markets, following encouraging results from major players.

The market is down 17 points. The Dow Jones was up three points at 16,946 to another record high — the market opened weaker and strengthened throughout the day, closing little changed. It was a quiet day with little ground-breaking economic or company news. The healthcare sector and consumer staples sectors were the better performers, while consumer discretionary, energy and industrials underperformed. Small cap stocks lagged larger companies. Volume was well below average in a 49 point range.

US economic data was generally positive — wholesale sales rose 1.3% in April after a 1.6% rise in March and wholesale inventories rose 1.1% in April after a 1.1% gain in March. The inventory to sales ratio was steady. Job openings increased.

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