Daily Data Flow: U.S. Stocks, Gasoline and Gold all Fall

Daily Data Flow

U.S. Stocks Fall as Contested Presidential Election Nears  (Bloomberg)
U.S. stocks fell, paring a weekly gain for the Standard & Poor’s 500 Index (SPX), after better-than-forecast payrolls failed to keep commodity and technology shares from slumping as Americans prepared to pick a president. The employment data was a “good report that was met with some skepticism,” Larry Peruzzi, senior equity trader at Cabrera Capital Markets LLC in Boston, wrote in an e-mail. “This election is still too close to call, so it may be tough to make any bets. Between the seesawing job reports, the too-close-to-call election, mounting damage cost from Sandy and our biggest city at 50%, markets seem to be at a bewildered and confused point.”

What Super Storm? Gasoline Prices Fall (CNBC)
The national average for retail gasoline fell slightly below $3.50 a gallon on Friday for the first time since March 6, according to OPIS and AAA. AAA expects that gas prices across the country will continue to drop through the end of the year, assuming a smooth restart to production following Hurricane Sandy. AAA predicts the national average price of gas could fall to $3.40 a gallon by Election Day and between $3.25 and $3.40 a gallon by Thanksgiving. Gas prices could drop by 40 cents a gallon between now and the end of the year.

Gold Drops of $40, Suffers Fourth Weekly Loss (Marketwatch)
Gold for December delivery sank $40.30, or 2.4%, to settle at $1,675.20 an ounce on the Comex division of the New York Mercantile Exchange after touching a low at $1,674.80. “With the uncertainty of the presidential election looming, gold needed a very bad employment number — something sour enough to cause the [U.S. Federal Reserve] to ramp up its [quantitative-easing] operations, ” said Brien Lundin, editor of Gold Newsletter. “While the jobs data wasn’t spectacular, it certainly wasn’t bad enough to elevate gold, or even keep it where it was.”

Exclusive  Never Sell Stocks on Monday!

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

previous article

Ask about the biggest obstacle to growing businesses and hiring more workers, and the overwhelming response will be “uncertainty.”


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor