Friday, May 9, 2008

Morning Look: Financials Trade Heavy

The market is a touch lower in early trading. The dollar is weak today vs. the Yen and Euro, and financials are weak again for a second day. The brokers are the weakest group so far this morning, and it might be hard for the overall market to rally today without the financials.Energy stocks are up again, with oil hovering near $123 and natural gas higher also. Many industrials are higher as well, while tech is a mixed bag.Retail sales reports came out this morning, and it was pretty mixed as well. I will have a roundup later, but for every strong report, there seeme[...]

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[Source: The Money Blogs]

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