S&P 500 1961 + 4
Nasdaq 4398 +19
THE BUCK TAKES A DIP: The U.S. dollar slid to a seven-week low today as lower Treasury yields sapped the buck's appeal for foreign investors. The Bloomberg Spot Dollar Index fell 0.3 percent to 1,004.94, the lowest since
Large-cap stocks barely budged, with the S&P 500 Index gaining .02 percent on the day, trimming its losses for the week to a mere 0.1 percent. The Dow Jones industrial average barely budged, gaining 0.03 percent, while the Nasdaq edged up 0.43 percent.
The yield on the benchmark 10-year Treasury bond was steady at 2.53, ending a week that saw that yield take its largest decline since May.
"We're in an environment right now where utility investors are paying more for certainty in earnings and are paying more for regulated assets versus unregulated assets," aid
MONSANTO GETS AN A-: Fitch, the rating agency, gave an A-minus rating to
LOCAL GAINER: Huttig Building Product's stock jumped 24 percent today as the firm was added to the Russell Microcap Index. That made Huttig attractive to mutual funds that try to track the index.
LOCAL INDEX: The Bloomberg St. Louis Index rose 3 to 914.
STL STOCKS GAINERS LOSERS
THE WEEK AHEAD: It will be a newsy week for investors, topped of by Friday's jobs report. Analysts expect that the nation added 221,000 jobs in June, down a little from May's 212,000. Prognosticators expect the unemployment rate to hold steady at 6.3 percent. Major surprises in the monthly jobs report can roil financial markets.
Monday will bring news on pending home sales, with analysts expecting a 1.3 percent monthly increase for May, seasonally adjusted, up from the 0.4 percent gain the previous month.
Tuesday brings news on domestic auto sales and analysts are expecting that vehicles sold at a 13 million annual rate in June, down from 13.1 million in May.
Economists are expecting to see a 0.3 percent decline when the report on manufacturing orders is released on Wednesday. Wednesday will also bring an early look at the jobs situation, as ADP releases its estimate of private-sector job change. Analysts expect it to show a 205,000 gain for June, following the prior month's 179,000 increase.
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