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Bomb Bursts and Stocks Sink

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Market action was winding down this afternoon as traders prepare for their day off tomorrow in observance of Good Friday.  The Producer Price Inflation number came in virtually flat today.  That may cause the Fed to think twice about the next price increase in the short term.  The large bomb dropped on the Isis crossroads of underground tunnels provided a big boost for U.S. Treasuries and hurt stocks.  The Dow lost 138 points on the day.

Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

But for Oklahoma oil prices looked good so for me at least my energy stocks are recovering.

Apr 13, 2017 02:24 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Looked at the graph/track of the market late yesterday and it looked like a see-saw, Jeff Jensen ... I'm sure it will look little different at the end of today ...

It's never dull,

Gene

Apr 13, 2017 02:30 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Some good news will drive up the numbers again....Get rid of the day traders and the stocks would settle sdowm to an even keel

Apr 13, 2017 08:09 PM