Stocks Appear To Be Breaking A Four-Day Slide

Stocks Appear To Be Breaking A Four-Day Slide

After four straight down days on a shortened week of trading, stocks may be setting up for a higher open. The market was consistently on the rise overnight. However, the Producer Price Index (PPI) hardly garnered a reaction from futures traders. Gold bugs, which tend to be sensitive to inflation, haven't moved gold futures (/GC) off the 1, 800 level. As a gauge of inflation at the wholesale level, the PPI came in as expected. This is good news for investors concerned about inflation. However, Monday's Consumer Price Index (CPI) still looms. Additionally, the grocer Kroger (KR) is trading lower after reporting lower revenue despite beating on profits. Wells Fargo (WFC) was a big mover overnight, rising about 2%. Apparently, investors are seeing value there despite WFC being hit with another fine by bank regulators for unsafe practices. According to one analyst, the fines was much lower than expected. Remember to keep your thoughts and prayers this weekend with those that sacrificed so much on 9-11. Reading the tape on tapering is becoming more difficult because we're seeing conflicting messages from the central banks. On Thursday, the European Central Bank (ECB) announced plans to slow its pace of asset buying.