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Today's Commentary
 
Thursday, July 31, 2014


Stocks got off to a rough start yesterday, due to a weaker-than-expected jobs report from Automatic Data Processing (ADP), and a gross domestic product (GDP) report that sparked fears of a quicker-than-anticipated rate hike.

In the immediate aftermath of the Federal Open Market Committee's (FOMC) dovish policy decision, though, the Dow Jones Industrial Average (DJI) made its way higher, briefly peeking above breakeven. Nevertheless, the blue-chip index ended the day with a modest loss.

The S&P 500 Index (SPX) also spent time on both sides of breakeven, but settled fractionally higher.

 
  


 
 
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