Treasury Auctions, Retail Sales, Trade Balance, Fed Speak

by devteam June 7th, 2010 | Share

The S&P 500 has shed 63 points or 5.61% over the past month, including a 3.44% slide on Friday. As a new week gets underway, equity futures are basically flat.  </p

One hour before the opening bell, Dow futures are up 1.00 point to 9,947 and S&P 500 futures are up 3.75 points to 1,069.75. The 2 year Treasury note is 2.4 basis points higher at 0.754% while the benchmark 10 year Treasury note yield is 2.7 basis points higher at 3.233%.

The July delivery NYMEX crude oil contract is up $0.02 to $71.53, and Gold futures are off $4.20 to $1,212.00</p

Meanwhile, the euro continues to weaken against the dollar. Overnight it fell to $1.1877, its lowest level since March 2006. Worse, the euro fell to 108.08 yen, the lowest since November 2001.</p

Markets on Friday sold off on a weak employment report. Prices worsened throughout the day on fears that Hungary â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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