Today was another very uneventful session where much of the talk was about China. The S&P 500 (SPX) ended the day down -0.32% with sector performance fairly bunched. Financials, Energy, and Health Care were the worst performers of the day. Utilities, Materials, and Comm. Services lead the way as the only positive sectors. Crude pushed ahead up more than 3% and Gold was up nearly 1%. Yields declined and the curve flattened further which contributed to the poor performance from financials today. From an economic data standpoint, US consumer confidence surprised to the upside. Also, Richmond Fed manufacturing rebounded from its big decline in July.
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