Trading Day Recap

Choppy US equity session after GS and WFC earnings; inflation remains under Fed’s target

Today’s session was a choppy one for US equities, with the S&P 500 closing lower by -0.13%, led down after Goldman (GS) and Wells Fargo (WFC) reported earnings that were largely disappointing to investors. Treasuries rose after reports showed an increase in continuing unemployment claims and inflation that remains below the Fed’s target. Crude oil slipped after OPEC forecast weaker demand, while natural gas advanced as cold weather boosts demand for fuel; cotton and sugar outperformed…