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Today's Commentary
 
Sunday, May 29, 2016


The Dow Jones Industrial Average (DJIA) has traded in a relatively tight range so far today, ahead of this afternoon's highly anticipated speech from Fed Chair Janet Yellen and the long Memorial Day weekend. Yellen's 1:15 p.m. ET speech at Harvard University will follow this morning's mixed reading on first-quarter gross domestic product (GDP) and a steeper-than-expected decline in consumer sentiment. At last check, though, the Dow was in the green -- as stocks disregard a 0.7% drop in July-dated oil prices to $49.15 per barrel -- and is comfortably on pace to snap its worst weekly losing streak in two years   


 
 
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