Markets closed up on Wall Street: DJI +0.2% SP500 +0.25% Nasdaq +0.15% Gold +0.05%
The markets were up because:
- Stocks carried more of yesterday’s momentum after a slow start. My inbox had an email from the Federal Reserve with Ben Bernanke’s speech lecturing the Chinese on currency manipulation, but we’ve all heard that before.
- Caesar’s Entertainment (formerly Harrah’s) IPO got pulled. Wall St. Cheat Sheet Managing Editor asks is it just “market conditions”, or something more? >>
- Commodities slowed. Investors are still in fear of China (FXI) reigning in growth. Don’t Miss: A Solid Opportunity in Energy >>