DOW 15,520.59 -1.38 points or -0.01%
S&P 1,685.96 +0.63 points or +0.04%
NASDAQ 3,616.47 +17.33 points or +0.48%
The market opened higher, sold off into negative territory, and closed basically unchanged for the day. The DOW was basically unchanged losing -1.38 points or down -0.01 percent to close at 15,520.59. The S&P 500 also opened higher. sold off into negative territory, and closed basically unchanged for the day up +0.63 point or up +0.04 percent to close at 1,685.95. The NASDAQ index actually moved up almost a half percent(+0.48 percent) today up +17.33 points to close up at a 12 year index high of 3,616.47.
The massive load of economic numbers keeps rolling this week. Today home price indicators reported slightly lower home prices. Tomorrows action will be dominated by the release of the ADP Employment change report as well as the FOMC rate decision release. Hopefully all the economic releases will bring some action back into the market. Should be a fun trading week.
The market remains in a tight trading range up near the all time highs. This weeks economic reports should spring us out of the range.
All released and proposed to be released economic reports for the week are listed below.
10:00 am Pending Home Sales MoM
The Pending Home Sales Month over Month report for June was -0.4 percent. That was slightly better than the expected number -1.0 percent, yet much lower than the prior revised report of 5.8 percent.
10:00 am Pending Home Sales YoY
The Pending Home Sales Year over Year report for June was 9.1 percent. That was better than the expected number of 8.3 percent, yet below the prior revised reported number of 11.2 percent.
10:30 am Dallas Fed Manufacturing Activity
The Dallas Fed Manufacturing Activity report for July was 4.4. That was less than the expected number of 7.5 and lower than the prior reported number of 6.5.
9:00 am S&P/CS City MoM SA
The S&P/CS Month over Month SA for May came in lower than expected with 1.05 percent. The expected number was 1.4 percent. The May report was also lower the the revised prior reported number of 1.73 percent.
9:00 am S&P/CS Composite-20 YoY
The S&P/CS Composite -20 Year over Year report for May came in near the expected number with 12.17 percent. The expected number was 12.40 percent. The May report was also basically in line with the revised prior reported number of 12.09 percent.
9:00 am S&P/CaseShiller Home Price
The S&P/CaseShiller Home Price report for May came in with 156.14. That was higher than the prior revised reported number of 152.42.
10:00 am Consumer Confidence Index
The Consumer Confidence Index report for July came in lower than expected with 80.3. The expected number was 81.3. The July report was also lower than the prior revised number of 82.1
7:00 am MBA Mortgage Applications
8:15 am ADP Employment Change
8:30 am Employment Cost
8:30 am GDP Annualized QoQ
8:30 am Personal Consumption
8:30 am GDP Price Index
8:30 am Core PCE QoQ
9:00 am ISM Milwaukee
9:45 am Chicago Purchasing Manager
2:00 pm FOMC Rate Decision
7:30 am Challenger Job Cuts YoY
7:30 am RBC Consumer Outlook Index
8:30 am Initial Jobless Claims
8:30 am Continuing Claims
8:58 am Markit US PMI Final
10:00 am Construction Spending MoM
10:00 am ISM Manufacturing
10:00 am ISM Prices Paid
5:00 pm Total Vehicle Sales
5:00 pm Domestic Vehicle Sales
8:30 am Change in Nonfarm Payrolls
8:30 am Two-Month Payroll Net Revisions
8:30 am Change in Private Payrolls
8:30 am Change in Manufacturing Payrolls
8:30 am Unemployment Rate
8:30 am Average Hourly Earnings MoM
8:30 am Average Hourly Earnings YoY
8:30 am Average Weekly Hours All Employees
8:30 am Change in Household Employment
8:30 am Underemployment Rate
8:30 am Personal Income
8:30 am Personal Spending
8:30 am PCE Deflator MoM
8:30 am PCE Deflator YoY
8:30 am PCE Core MoM
8:30 am PCE Core YoY
9:45 am ISM New York’
10:00 am Factory Orders
10:00 am ISM Non-Manufacturing Composite