The Wednesday Wrap
ADP Employment beat, Markit Mfg PMI beat, ISM Mfg beat, Construction Spending beat, Total Vehicle Saleson consensus, Oil Inventories rose.
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.
2) The Financials, and Consumer Staples were your most victorious sectors for the session. Energy shares were severely beaten, as Crude was absolutely crushed.
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.
4) Treasuries finished lower on the day, after trading in fairly tight range over the duration.