Yesterday’s release of the FOMC minutes showed a cautious Fed with a downward revision to 2010 growth. Most investors had already speculated that the Fed would remain accomodative over concerns that the economic recovery is slowing. Initial claims continue to show no real signls if improvement. The continuing claims fell, but it is widely believed that the decline in the number of people receiving benefits is due more to people running out of benefits than a surge in hiring.
Stocks are down in the moments leading up to Tuesday’s Presidential election. The Dow is opening the day at 13,093, edging close to the 13,000 mark. The Dow was last below this point back on August 3.
What’s Up on Wall Street?
The Dow Jones Industrial Average dropped 12.29 points (-0.09%) while the Nasdaq rose 5.67 points (0.19%). Also, the S&P 500 decreased 1.14 points (-0.08%).
Here are some of today’s rates:
Here’s a look at this week’s economic releases:
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.