The level of bullish enthusiasm dissipated over the weekend as short-sighted traders moved on from the stimulus expectations from last week. The broad markets declined on a relatively uneventful day, with no Dow Jones Industrials earnings reports released. The unrelenting summer heat did bring some positive news for natural gas producers, as Henry Hub futures increased 6.6% today, cutting into the enormous surplus, which currently sits 16% above the five-year average.
Gain/ Loss %
Dow Jones Industrial Average
|WTI Oil Futures||(0.63)||(0.70%)|
Source: Yahoo! Finance.
A slew of Chinese solar companies were strongly discounted today, as the market continues to increase its inventory coupled with European subsidy reductions, creating a marketplace that is grossly oversupplied. Trina Solar
With one complete quarter under its belt, Facebook
Today was a pretty uneventful day, but with European Central Bank President Mario Draghi and U.S. Treasury Secretary Timothy Geithner meeting to coordinate a plan to address the euro debt crisis, the markets could see more movement this week. The markets are sure to remain particularly volatile in the near term, and for this reason we have a recommendation for three dividend stocks that have storied traditions and outstanding balance sheets ever investor should own. Get immediate insight with our free report, "3 Dividend Stocks Investors Need." Don't miss out on this great opportunity.
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