Even though oil futures are flat this morning and have remained around (the) $63 to $64 a barrel level, concerns remain over the prospect of the combination of higher inflation and borrowing costs.
The mining sector has been weighing on the index though it's about time they had a bit of profit taking.
This kind of mindless vandalism directly endangers the lives of those who use our rural roads and costs us all yet more taxpayers' money.
The sooner U.S. investors can see the end of this current interest rate cycle the better.
The only thing that can stop further declines in the market today is a tame ISM figure and lower oil prices.
Sentiment is equally weighted between bulls and bears at the moment and the.
Now market participants are saying that investors should expect range bound trading to continue into next week when the Fed makes its interest rate decision.
With higher gasoline prices putting a dent in consumer spending and underlying inflation looking to be contained, further interest rate hikes seem unnecessary.
Anything higher here could confirm investors' fears that the Fed's interest rate tightening is far from over and is set to continue well into 2006.
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