Tuesday’s Midday Movers: 3 Stories Driving Markets
The major U.S. stocks were fluctuating Tuesday coming off a July retail sales report. As of noon:
|DIJA: -0.18% to 15391.34||S&P 500: -0.10% to 1687.71||NASDAQ: -0.13% to 3665.07|
|Gold: +0.31% to 74.89||Oil: -0.16% to 24.92||U.S. 10-Year: +3.88% to 27.06|
Here are three stories helping shape the market Tuesday afternoon:
1. Small Business: When the Government Gives You Lemons, Make Lemonade: Despite the economy growing at a better-than-expected pace in the second quarter, optimism among small business owners is still sour at best. Many small firms across the nation are seeing a weak recovery as taxes and government red tape remain in focus.
The National Federation of Independent Business, the leading nonprofit small business association representing small and independent businesses, reported that its Small Business Optimism Index edged 0.6 percent higher in July to reach 94.1, compared to 93.5 the previous month. July’s reading is about 13 points higher than the lowest point seen during the recession but six points below the pre-2008 average… (Read more.)