Monday, August 16

Stock Market Today Aug16

Online Stock Trading - US Stock Market Today Video

U.S. stocks ended the day more or less flat. So far the Hindenburg Omen doesn't seem to have had much effect, but we have a few more weeks to see if it actually takes effect and sends the markets down.

Stock Market News Video Today


Today it looked like there may have been bargain hunting going on early on but at the end of the day major indices were basically flat. There was further news today of a recovering economy. We also learned that China's GDP passed Japan's for the second quarter making China the the 2nd largest economy. Although in per capita terms China is only on a par with a country like El Salvador.

Lowe's the 2nd biggest home improvement retailer, fell short of analyst expectations by a penny. Lowe's said it needs a stronger housing market to create demand for its products. It also reduced earnings forecast for the end of the year.

Tomorrow will provide more information on the housing market as the government releases its report on housing starts for July.

Home Depot will report earnings tomorrow morning before the market opens, analysts expect 71 cents a share.

Shares of Deere were a bright spot today, after Citigroup said it believes the shares are worth $75 each as costs are falling and commodity prices are rising.


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