Indices closed out mixed on Monday. The Dow ended fractionally in the red zone. The S&P 500 and Nasdaq posted marginal gains. Financial stocks such as JPMorgan Chase and Wells Fargo led advancers. Technology brands like Apple also prospered. Trading action was mixed amid favorable housing news. Pending home sales climbed in January. The National Association of Realtors said its index gained 2% last month, exceeding expectations of a 1% increase. This followed a 3.5% dip in December. On another note, crude oil slipped $1.21 to settle at $108.56 a barrel. Looking ahead, the Census Bureau will release data on durable goods orders tomorrow.
Disclosures:
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing.