Stocks End Mixed As Market Attempts Rebound  Image: Bigstock Stocks closed mixed yesterday with the Dow in the red while the S&P and Nasdaq finished in the green. All of the major indexes started out strong with heady gains in the morning, before those turned into losses by the afternoon. But those losses were then reversed as stocks got back into the plus column. But by the close, all of the indexes were trading off their highs, with the Dow slipping below unchanged. The economy is actually in better shape than the market is giving it credit for. That was underscored by last week's better than expected Employment report, which saw the unemployment rate remaining at near 50-year lows. (And with literally millions more jobs available than there are unemployed people to fill them, it's likely to stay strong for quite some time.) Yesterday's NFIB Small Business Optimism Index came in better than expected as well with a print of 93.2 vs. the consensus for 92.9. We'll get another look at the economy today with MBA Mortgage Applications, and the Atlanta Fed Business Inflation Expectations. And speaking of inflation, we'll get the Consumer Price Index at 8:30 AM ET. That will be closely watched. Earnings season continues with another 339 companies reporting earnings today (1,064 total between today and Friday), and another 518 on deck for next week. See you tomorrow,  Kevin Matras
Executive Vice President, Zacks Investment Research | 
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