U.S. stock index futures traded lower this morning after a global markets posted solid gains yesterday. The Dow, NASDAQ, and the S&P all rose at least 1.5%.
Weighing in on today’s sentiment was news that China ordered its banks to raise their reserve requirements to slow lending and cool inflation. This is the second such tightening in two weeks, and fifth time this year. Investors are also looking for developments in Ireland to see if a financial aid package emerges. There are no major economic data or corporate reports scheduled for today.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
