Wall Street was a mixed day today as we head ever closer to the FOMC showdown. Us stocks are doing better this month on a broad recovery.
The S&P 500 is up some 8% as USeconomic data offers an improved outlook along with a slightly better sentiment in the commodity sector with the recent recovery attempts. However, these may still be somewhat ahead of the curve given the outlook for the global economy as a whole and hence socks remain mixed on Wall Street. The Dow Jones Industrial Average rose 0.1%, the S&P 500 fell 0.2% and the Nasdaq Composite was off 0.5%.
Oil still in bearish correction despite API rally
FOMC preview: looking for clues on upcoming rate hikes
EUR bulls looking for higher highs – FXStreet
(Market News Provided by FXstreet)