Dow fell 112 from late day selling, advancers over decliners about 2-1 & NAZ went up 66.  The MLP index crawled up 1+ to the 224s & the REIT index was flattish in the 378s.  Junk bond funds continued higher & Treasuries saw more buying, taking yields lower.  Oil added 1 to the 74s & gold rose 8 to 1878 (more on both below).

AMJ (Alerian MLP Index tracking fund)

Americans reveal expectations for inflation over the next year

Consumer confidence in housing finally rises, thanks to falling home prices

.  The stock dropped 1.69 (8%).
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Macy’s warns holiday-quarter sales will come in light, citing squeeze on wallets

Gold futures climbed, with prices based on the most-active contract settling at their highest since May 6.  The upside momentum for gold has been fueled by Fri's mixed US jobs report, which fanned speculation around the Federal Reserve slowing its rate hikes.  Given how the fundamental drivers are swinging in favor of bulls, further upside could be on the cards with the pending US inflation report acting as a potential catalyst.  The Dec reading of the consumer price index will be released on Thurs.  Gold for Feb rose $8 (0.4%) to settle at $1877 an ounce.

Gold Futures Log Highest Finish Since Early May 

U.S. oil futures log a third straight session gain

Selling in the PM took the Dow into the red & buyers stayed away for the rest of the day.  Gloomy warnings from big companies are being taken seriously.

Dow Jones Industrials