WSJ: U.S. Stocks Aim For Bounce; Dollar Weakens Again
By John Shipman
Since March, every selloff in US stocks has subsequently been greeted by investors as a buying opportunity. Yesterday’s retreat appears to be no exception, based on premarket futures. US dollar index is getting dinged again, and while oil is bouncing smartly, gold hasn’t yet responded as well to the lower greenback. Another quiet day for economic data, with October wholesale trade numbers the only notable item on the menu. Dollar index down 0.4%. S&P futures up 5.40; 10-yr slightly lower, yield at 3.40%.
