Equity Markets consolidating Ahead of Economic Reports, Testimony
U.S. equity markets are consolidating at the mid-session ahead of tomorrow’s U.S. inflation and retail sales reports. Besides the reports, traders are anticipating Fed Chairman Bernanke’s testimony. Some traders feel Bernanke will offer more guidance on when the Fed will raise interest rates. At the mid-session, the Dow has been toying with the 11,000 area after closing above it on Monday. Traders seem a little tentative chasing strength in this market and may opt once again to support the
