Bond traders are back to work on Tuesday after taking Monday off for Columbus Day. Bonds are trading higher this morning as yields are falling slightly. Lower yields could pull financial stocks lower on the day.
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Rising oil prices (/CL) appear to be leading a rally in many commodities including RBOB Gasoline futures (/RB) and heating oil (/HO). The rallies add to a week where inflation may play a big part.
Southwest Airlines Co (NYSE: LUV) is trading lower Monday after the company canceled more than 1,000 flights on Sunday.
Southwest Airlines canceled more than 1,800 flights over the weekend and reports suggest that the cancellations have continued into Monday.