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8:35 For every action, there is an equal and opposite reaction – or at least that seems to be the
Dow Jones Industrial Average
more than 100 points after the drop of 173 points recorded yesterday.
Dow futures were up 180 points, or 0.7%, while
S & P 500
futures contracts increased 0.7%, and
Nasdaq Composite
futures contracts gained 0.8%.
In the United States, income from
Target
(TGT) and
Lowe's
(LOW) helped to increase stocks in general. The target stock rose 17% to $ 100.15 after posting better-than-expected earnings and raising its guidance for the full year. Lowe, meanwhile, rose 13% to $ 110.20 after posting a record profit. These gains are another sign that the American consumer is alive and that fears of recession in the US are exaggerated.
And remember when everyone wanted German bonds, no matter the cost? What a difference a single week can make. Germany has today tried to sell 2 billion euros worth of bonds at 30 years of age, but has managed to sell only 824 million euros. This may be another sign that investors have moved away from the edge. "I will not do much about it yet, but considering the stretch of this rubber band at a negative rate, maybe at least in the short term we have seen yields go down," writes Peter Boockvar, director of investments at Bleakley's review Group.
May be.
Write to Ben Levisohn at [email protected]
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