Before the bell: Stock markets taking a breather - Jonathan Berr

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Before the bell: Stock markets taking a breather
Aug 26, 2009 01:30 PM UTC

Jonathan Berr

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Filed under: Before the bell, Economic data

The stock market seems like it needs a rest today.

After posting strong performances earlier this week following growing optimism about the economy and the reappointment of Federal Reserve Chairman Ben Bernanke, the main indexes appear headed toward a muted opening. The Dow Jones industrial average and the Nasdaq Composite Index were trading down in pre-market action.

Whether this rally will hold depends on a few things. The U.S. Commerce Department is due to issue its durable goods report for July later this morning. As the Associated Press notes, "Economists polled by Thomson Reuters predict orders to U.S. factories for items expected to last at least three years increased 3 percent in July, due in part to increased auto sales from the government's Cash for Clunkers program." They fell in June.

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Before the bell: Stock markets taking a breather originally appeared on BloggingStocks on Wed, 26 Aug 2009 08:30:00 EST. Please see our terms for use of feeds.

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