Stocks had a nice gain, but pulled back in the last couple of hours. Volume continues to drag along, under 1.2B today. Dow was up 66 & advancers ahead of decliners 3-2 but NAZ was essentially even. At 2PM, the Dow was within spitting distance of 13K, but went downhill after that. The VIX, volatility index, slipped to 17.58, staying under the important level of 20. Commodities which have had a great year suffered their 3rd straight daily decline. Oil pulled back to 124.22, but remains in the stratosphere.
Freddie Mac (FRE) had a big news story, not so pretty. Even though the news was not that pretty, the stock rose 2.29. An analyst called that like putting lipstick on a pig. Deere had a brutal day, falling 8.94. They had an excellent report but warned of cost pressures going forward. Big economic problems which need to be solved continue in the US economy.
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