Will the trend continue in U.S. markets? Each time the S&P 500 [stock ^SPX] began the week down 1% or more such as yesterday the U.S. markets closed the week out lower 5 out 6 times.
To top off the trend traders felt the pain of worst drop for a Monday for the year. The VIX [stock ^VIX] rocketed to the upside on Monday on continue Euro Zone fears and the Spanish bank bailout.
Traders have a fairly light economic calendar today ahead of the tomorrow’s retail report. For compete list of economic data releases today please check out our economic calendar here…
Markets are looking to open higher as of 8:30 a.m. ET
Quick look at futures:
|
Index |
Previous Close |
Last |
Change |
Fair Value |
| DOW | 12411.23 | 12354.0 | 44.00 | 22.23 |
| S&P | 1308.93 | 1304.60 | 4.2999 | 2.57 |
| NASDAQ | 2517.18 | 2520.75 | 10.75 | 9.17 |
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