In today's video:
1) The Dow 30 posted a strong weekly gain and closed at a new all-time high on Friday but the other three main equity indexes finished the day lower. The Dow Jones Industrial Average gained 86.52 points, the S&P 500 fell 1.08 points while the Nasdaq 100 closed lower by 41.28 points and the Russell 2000 finished lower by 7.87 points.
2) The U.S. dollar recovered slightly on Friday resulting in a drop of $8.00 for Gold Futures while Crude Oil Futures managed to gain $0.39 or 0.55%. The Bond market was flat and the yield on the 10-year treasury note held steady at 3.064%.
3) Every week we get a fresh slew of economic data reports, and although this week may be a little lighter than usual, we are still expecting some very important data that certainly has the potential to move the markets. Some of the reports scheduled for this week are House Price Index, Consumer Confidence, New Home Sales, Crude Oil Inventories and the Federal Reserve Interest Rate decision.