Top 3 Reasons Today’s Markets Were Flat
Markets closed flat on Wall Street: DJI 0.18% SP500 +0.08% Nasdaq -0.16% Gold +1.70%
The markets were flat because:
- Homebuilders (NYSE:XHB) witnessed another overall housing price decline of 1.3% in the month of October. 20 cities were evaluated within the Case-Shiller Index. Here’s Why Case-Shiller Shows House Prices are Double-Dipping
- Gold (NYSE:GLD) and Silver (NYSE:SLV) both outperformed the returns of the Dow Jones (NYSE:DIA), S&P 500 (NYSE:SPY) and the Nasdaq (NASDAQ:QQQQ). Is the rise in precious metals poised to continue or headed for choppy waters? Don’t Miss: 3 Things That Could Halt Gold’s Run.
- Today’s Consumer Confidence survey release missed analyst expectations. Analysts expected a release of 55.8 and were met with a reality check of 52.5. Even though more people were holding shopping bags this holiday season, it appears consumers are still fearful of a fast economic recovery. Your Ultimate Cheat Sheet to Consumer Confidence>>