Tens of thousands of miners were on strike and coal prices were skyrocketing in October 1902. Afraid of unrest, President Theodore Roosevelt sought the help of John Pierpont Morgan.
The latest reading of inflation in the U.S. was firmer than expected, bolstering confidence that inflation will return to the U.S. central bank”s 2% target, said Richmond Fed President Jeffrey Lacker on Monday.
The S&P 500 closed in positive territory for the year for the first time in 2016, leading a gauge of stocks across major markets to a fifth week of gains, its longest weekly run in more than two years.
Next Trading Day’s Important Events
- USDJPY: 111.70
- EURUSD: 1.1217
- S&P 500: 2,049.55
- NASDAQ : 4,788.30