Markets Slip

S&P 500 is trying its fresh-lows for the day though it still manages to stay over the critical level of 1100, now at 1104.14. Meanwhile, the rebound of the U.S. dollar is pushing commodities considerably lower at this hour. Crude oil, however, is bouncing back from its day-lows, down 0.03% at $78.88 a barrel. Gold is also under selling pressure, down 0.26% at $1135.60 an ounce.


The industrial production data was released an hour ago. The 0.1% growth in October, down from the previous 0.7% surge in September, suggested that economic recovery once again, slowed down. Within manufacturing, the car sales slipped 1.7%, durables down 0.4% where non durables advanced 0.2%. Participants of S&P 500 reacted to the news preventing S&P 500 reaching 2009-highs.