The Wednesday Wrap

The Wednesday Wrap

Macro:
ADP Employment beat, Markit Mfg PMI beat, ISM Mfg beat, Construction Spending beat, Total Vehicle Saleson consensus, Oil Inventories rose.
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1) All of the major Equity indices were up on the day, with the DJIA on the high end (+.8%), and the Russell 2000on the low end (+0.2%).  Volume remained above average.  Hopes for a post-last minute deal for Greece supported stocks, while lack of progress throughout the day pressured them.
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2) The Financials, and Consumer Staples were your most victorious sectors for the session.  Energy shares were severely beaten, as Crude was absolutely crushed.
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3) The Transports closed in the green today, despite the drag on the index that was the sell-off for the airlines after the DOJ confirmed a probe into possible collusion in that industry.
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4) Treasuries finished lower on the day, after trading in fairly tight range over the duration.