This was one of those market days that you could try to blame on earnings season starting out, but it may be nothing more than valuations catching up to stocks at DJIA 11,000 and after the huge stock gains in 2009 and 2010. Investors and traders alike are still using DJIA 11,000 as the battleground. Today's Treasury Budget Deficit came out at -$65.4 billion versus $62 billion expected. Here were today's unofficial closing bell levels:
Dow 11,019.50 +13.53 (0.12%)
S&P 500 1,197.27 +0.79 (0.07%)
Nasdaq 2,465.99 +8.12 (0.33%)
Tax Reform in This Election Year: It's Not Likely
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