Stock Market
Market Outlook
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The popular stock market averages closed to the downside on Wednesday. The interest rate for 10-yr treasury notes closed lower. The prices closed down for gold and crude oil.
Lately the stock averages have frequently moved higher in the morning before slumping to losses in the afternoon. This pattern is often a sign of retail exuberance countered by institutional prudence.
United Airlines (UAL +17.5%) climbed upward on a narrower than expected loss. J.B. Hunt (JBHT -8.12%) braked lower after reporting disappointing results.
Adapt or perish, now as ever, is nature’s inexorable imperative. - H.G. Wells
Lately the stock averages have frequently moved higher in the morning before slumping to losses in the afternoon. This pattern is often a sign of retail exuberance countered by institutional prudence.
United Airlines (UAL +17.5%) climbed upward on a narrower than expected loss. J.B. Hunt (JBHT -8.12%) braked lower after reporting disappointing results.
Adapt or perish, now as ever, is nature’s inexorable imperative. - H.G. Wells