Stocks and Treasury yields were quiet in overnight trading ahead of tonight’s Presidential debate. Stocks were up slightly in early trading while Treasury yields were down slightly in early trading.
Redbook same-store weekly brick-and-mortar retail sales fell -0.3% last week and rose to +2.2% from this time last year as a sign consumers are starting to spend again.
Home prices continue to rise was the S&P / CS Composite – 20 index rose +0.6% in July and a blistering +3.9% from this time last year.
Stocks closed lower on the day with all three major indices in the red. Treasury yields closed slightly lower and the dollar fell for the second day in a row.
The American Petroleum Institute reported crude oil inventories as Crude: -831k (+1.9mm expected), Cushing: +1.61mm, Gasoline: +1.623mm (-1.3mm expected), and Distillates: -3.424mm (1.7mm expected). Crude oil rose in after-hours trading following the report.