New York Session - September 30, 2009 6:09 PM

The NY session was an absolute chop-fest but the USD was once again the proverbial whipping boy. US equities slipped a modest -0.3% after testing multiple times into positive terrain. It was surprising that stocks did not give up more ground in the face of more bad news on the economic front. The most forward looking release of the session, Chicago PMI, showed some worrying details. Indeed, it looks like it is back to reality after the “cash for clunkers” government bailout. Full text »