2 SPX Stocks That Could Mean-Revert

The CPI rose more than expected last month

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4/10/2019

This IRS directive could mean billions are now in play


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Dow Futures Hold Gains After Inflation Data

By Karee Venema

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Dow Jones Industrial Average (DJI) futures are trading modestly above fair value ahead of a busy day on Wall Street. Inflation data has already been released, with the consumer price index (CPI) rising 0.4% in March -- the biggest jump since January 2018.

Congressional testimony from several big bank bosses, including JPMorgan Chase (JPM) CEO Jamie Dimon and Goldman Sachs (GS) CEO David Solomon, will also be in focus as the financial firms get set to report earnings over the next week. Later this afternoon, Wall Street will be watching for the release of the minutes from the March Fed meeting, at which the central bank suspended its rate-hike program for the remainder of the year.

Continue reading for more on today's market, including: 

>> Continue reading...
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