Economic Reports this Week
Watch for continuing stock market volatility this week with the labor department’s producer-price index due on Thursday and its consumer-price index due on Friday. Also of note, Friday is an options expiry day.
Yesterday’s market drop under pressure from rising bond yields appears to have eased today with the DJIA regaining 140 points in the wake of favorable economic news including a 1.4% increase in retail sales for the month of May. Ten year treasuries fell from yesterday’s peak of 5.3% to 5.21%.
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