The major indexes retreated as investors eased off of an inflated market, in the face of another battle in Washington - this time over the nation's debt ceiling. President Obama has said he refuses to negotiate. That's not sitting right with Republicans, who believe there must be federal spending cuts, in order to lower the nations exploding debt, especially after conceding massive tax hikes in last week's fiscal cliff resolution.
Heading into the last 30 minutes of the trading session, the Dow and S&P 500 were down .38% and the Nasdaq was lower by .16%. Alcoa (NYSE:AA) kicks off the earnings season with its 4th quarter report due out after the close tomorrow. That stock was down nearly 1-1/2% today. Applied Materials (NASDAQ:AMAT) was down 2.4% today after JP Morgan downgraded the shares based on lower semiconductor capital expenditures.
Tomorrow morning investors will be looking at a report due out on small business optimism, as well as consumer credit.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
ValueForum has helped me be very successful. 
Launch related slideshow:
GDX, QINC: Big ETF Inflows
Tuesday 9/27 Insider Buying Report: MYOS
Monday 9/26 Insider Buying Report: ENPH
Nasdaq 100 Movers: GILD, NCLH
S&P 500 Movers: CHK, LUV
Dow Movers: UNH, IBM
Dow Analyst Moves: UTX
Dow Analyst Moves: BA
S&P 500 Analyst Moves: AMG
Tuesday Sector Laggards: Oil & Gas Exploration & Production, Precious Metals
Tuesday Sector Leaders: Airlines, Medical Instruments & Supplies
Monday Sector Laggards: Textiles, Education & Training Services
Tuesday's ETF with Unusual Volume: IWY
Tuesday's ETF Movers: ECON, XOP
HEFA, SPXE: Big ETF Outflows
Daily Dividend Report: AXP, SNX, CLC, MA, HRL
Daily Dividend Report: TTEC, MTN, NRZ, SM
Daily Dividend Report: MAS, WPC, RTN, CAG, UDR
Fed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015
Weekly Market Wrap: August 7, 2015
Weekly Market Wrap: July 31, 2015
Week Ahead Market Report: June 8, 2015
Week Ahead Market Report: May 18, 2015
Week Ahead Market Report: May 4, 2015