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Market recap: Weakness in materials stocks held equities near the flatline, as Caterpillar's...

Market recap: Weakness in materials stocks held equities near the flatline, as Caterpillar's cautious optimism was offset by a Goldman downgrade of the U.S. steel sector. Nasdaq outpaced the other indexes, helped by a rebound in Apple after last week's 13% drubbing. Yields on 10-year Treasurys pushed above 2% for the first time since April on the view the U.S. economy is improving.
Comments (2)
  • TrimTabs/Biderman noted that 7 of the last 9 historical month inflows into equities were at market tops (including this one), in addition to the latest accompanied with net selling by companies (float growth).
    28 Jan 2013, 04:44 PM Reply Like
  • White,
    indeed
    29 Jan 2013, 06:09 AM Reply Like
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