September 3, 2015 Market Wrap Up

The S&P 500 was up modestly today, which was expected given that we’ve got a holiday coming up, while China is currently observing their own.

Before the opening bell, the ECB announced that they would be willing to inject further stimulus if there is continued weakness in the global economy. For the most part, the news was perceived as bullish by the market. However, early day gains were given back as we reached the close.

The VIX closed at 25.61, down nearly six points from the first of the month.

The energy sector saw modest recent gains, as the United States Oil Fund (USO) closed 1.67% higher.

Tomorrow is expected to be a slow day, as many traders will be taking part or the entire day off.

But here’s what’s going on:

Key Economic Data:
4 September 2015- Employment Situation 8:30 AM ET