S&P 500 1938 +2
Nasdaq 4321 +0.24
Faced with that mixed news, stock traders sat on their hands Monday. The Dow Jones Industrial Average gained a mere 0.03 percent, the S&P 500 gained 0.08 percent and the NASDAQ rose 0.24 percent.
Things were just as tame in
The good news was that industrial production rose a fast 0.6 percent in May, with gains in autos, business equipment and industrial supplies, according to the Federal Reserve.
BORING, BORING, BORING: Stocks just can't get a move on. The S&P 500 Index hasn't had a 1 percent daily gain or loss for 40 days, the longest stretch of tranquility since 1995, according to
Some think the world's central banks have lulled the markets to sleep with their steps to keep economies growing and interest rates low.
"Central banks have a calming effect on the market," said
NO BOOM FOR US: The
That means the Federal Reserve may hold rates low longer. "Policy rates could afford to stay at zero for longer than the mid-2015 date currently forseen by markets," the IMF said.
LABOR PEACE AT LAMBERT:
ANALYST INSIGHTS: Analysts at
"We are becoming increasingly constructive on the solar sector as we expect further tightening of the solar supply/demand balance and expect increased investor interest driving valuation multiple expansion," the analysts wrote, as quoted by Street Insider.
The analysts say they expect to see five or six new energy "yieldcos" formed in the next year to year and a half -- providing lots of cheap capital to chase solar projects. Yieldcos are companies formed to invest in an industry and direct profits back to shareholders.
LOCAL INDEX: The Bloomberg St. Louis Index was unchanged at 904.
STL STOCKS GAINERS LOSERS
THE DAY AHEAD: We'll get the May inflation number Tuesday morning. Analysts expect to see a 0.2 percent monthly gain in the Consumer Price Index, down from 0.3 percent in April.
The housing industry is expecting a little bad news as the monthly home building report comes out. Analysts expect a 0.9 percent drop in home building activity for May, down from April's hot 8 percent gain.
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