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Today's Commentary
 
Tuesday, September 27, 2016


After slipping into the red at the open, the Dow Jones Industrial Average (DJIA) has swung higher, as stocks react to last night's U.S. presidential debate between Democratic nominee Hillary Clinton and Republican candidate Donald Trump. Solid consumer sentiment data is also providing a lift, with the Conference Board's consumer confidence index hitting a pre-recession high in September -- though the S&P CoreLogic Case-Shiller home-price index missed expectations.

Plus, stocks are seemingly snubbing a steep slide in oil prices -- which marks a complete turnaround from Monday's session. At last check, November-dated crude futures were down 3.3% at $44.42 per barrel, due to diminished hopes of an output freeze among top oil producers and a downbeat fourth-quarter oil-price outlook from Goldman Sachs.
 
  


 
 
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