Stock Indices Recap – 8/3/2017Posted 08/03/2017 3:54PM CT |
September S&P finished down 1.8 at 2471.7, 2.7 off the high and 4.2 up from the low. September S&P E-Mini closed down 1.5 at 2472. This was 6 up from the low and 2.5 off the high.
While the Dow Jones industrial average forged yet another new all-time high, the action in equities today was at times disjointed and divergent. Clearly positive news from Tesla and Aetna help to support prices while negative news from Yum Brands and Dish Network undermined cyclical investors. US equities should have been cheered by the less hawkish Bank of England policy meeting results and the market should have benefited from generally favorable US jobs/employment sector news.