Down but much better than the start
The Market:
All 4 broad market indices closed lower however all also closed well off their lows of the session.
The standout sector in today’s trading is clearly the Utilities (XLU) which finished up 0.65% and is currently in 4th place amongst the WSC Scoreboard sectors for largest YTD gain. The biggest laggard was Consumer Discretionary (XLY) followed by Materials (XLB).
In Economic data, Pending Home Sales was a big disappointment coming in at -1% when -0.4% was expected while last months reading was adjusted slightly lower to 3.2% from 3.3%.
Reporting EPS 9/30/14 Pre-Market:
Once one name we noticed for tomorrow and that is Walgreen Company (WAG) which has estimates according to Yahoo Finance of $0.74.