Markets Riding High Before Holiday

by devteam December 24th, 2009 | Share

Markets have been gaining for four straight days and the futures market suggests they’re not done the holiday cheer yet. The ahead will probably see light trading with markets closing early today and remaining closed for Christmas Day tomorrow. But the data will be significant with durable goods being the key release of the week.

Two hours before the opening bell, futures on the Dow are trading 23 points higher at 10,427 and futures on the S&P 500 are up1.90 points to 1,117.50.

Meantime, WTI Crude oil is roughly flat at $76.68 per barrel and Spot Gold has climbed $15.83 to $1,103.38 per ounce.

In overnight news, the Treasury announced its receipt of $45 billion in TARP repayments from Wells Fargo and Citigroup. Citigroup also canceled an agreement with the government regarding losses on a pool of $300 billion in the bank’s assets.

Key Events Today:

8:30 â€

About the Author


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

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...