The Dow Licks Its Wounds


Markets are enjoying a brief pause in euro-negativity to rebound slightly from yesterday's bloodbath. With no serious reminders on how close the global economy is to disaster, all three major indexes are drifting lazily upward. Don't expect this peace to last; Thursday will see a new initial claims report, GDP data, and most important, the Supreme Court's decision on the constitutionality of Obamacare, making this the calm before the storm.

That said, let's take a closer look at how the three major indexes are faring.



Gain/Loss %

Intraday Value

Dow Jones Industrial Average (INDEX: ^DJI)




Nasdaq (INDEX: ^IXIC)




S&P 500 (INDEX: ^GSPC)




Source: Yahoo! Finance as of 1:30 p.m.

The major U.S. indexes are all gaining back ground lost yesterday, with the Nasdaq once again showing the biggest move. The VIX (INDEX: ^VIX) , is down 3%, a pullback for the market's "fear index," which jumped up over 15% yesterday. Energy stocks took a huge hit yesterday and have recovered despite oil continuing its retreat under $80 per barrel. Still, ExxonMobil (NYS: XOM) is currently the Dow's top performer of the day, with a 1.5% gain. The biggest of big oil reported that refinery issues at both its Baton Rouge and Torrance locations will not meaningfully impact production.

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