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Fed Hangover is Gone

Daily Recap

Stock prices in the U.S. were little changed today, with the Industrials gaining 21 points and the Transports ending up almost dead even. The Nasdaq was the outperformer today, rising 0.28%, while the broader S&P 500 climbed 2 points or 0.1%. Gold declined $12/oz. while silver staged a 2 cent rally.

 

Trading around the globe was relatively quiet as well, with the exception of China's Shanghai Composite which was up 2.15%. The move came as a state lender eased conditions to facilitate more margin purchases. Here we go again...

 

This is a shortened week due to the Good Friday market holiday. With few economic reports due out this week and earnings season more or less complete, it could be a relatively passive week of trading.

 

On deck for later in the week, the closely watched durable goods report as well a Q4 GDP revision on Friday (even though markets will be closed).

 

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