Stock Indices Recap - 9/30/2016

September 30, 2016 10:36AM CDT

December S&P finished up 5.5 at 2154, 14 off the high and 18 up from the low.
December S&P E-Mini closed up 10.5 at 2159. This was 23.25 up from the low and 9.25 off the high.

The stock market fell back away from the initial highs in the wake of intense Congressional grilling of the Wells Fargo CEO as it would appear that the powers that be are poised to launch another wide sweeping investigation of Banks. While US second quarter GDP might have been better than some estimates, the fact that growth is below 1.5% has to rekindle some measure of valuation fears. With oil patch shares rising one might have expected performance in the equity markets today to have been much more positive.

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