[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a glorious day for the markets here in the U.S. Thursday. All three major indexes closed at new record highs, bolstered by department store Macy’s beating of sharply reduced expectations and their closing of 100 stores. The labor market allegedly remains solid and, after being a drag on the market …
Stocks Retreat In Directionless Trading
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks retreated a bit from last week’s record closes on the heels of an alleged strong jobs report. Equities, which had been stuck in a holding pattern after hitting fresh highs in late July, rallied Friday after the government reported that a better-than-expected 255,000 jobs were created in July. It was the second straight month …