NASDAQ 4,103.54 +29.14 points or +0.72%
The Stock Market posted a solid day after Mondays roller coaster ride. Merck led the market higher on better than expected earnings. Twitter was hit hard in after hours trading, dropping over 10% (which is now below the November 2013 IPO price) when the company released quarterly usage numbers, which did increase, yet the increase fell short of investor expectations. The stock is currently trading below the November IPO price. Twitter hit a high over $73 per share back in December of 2013. Tomorrow, the market will focus on the 2pm ET FOMC rate decision release.
All released and proposed to be released economic reports for the week are listed below.
10:00 am Pending Home Sales report for March was 3.4 percent. The market was expecting 1.0 percent. The prior reported figure was revised from -0.8 percent to -0.5 percent.
9:00 am Case-Schiller 20 city Index report for February was 12.9 percent. The market was expecting 13 percent. The prior reported figure was 13.2 percent.
10:00 am Consumer Confidence report for April was 82.3. The market was expecting 83.6. The prior reported figure was revised from 82.3 up to 83.9.
7:00 am MBA Mortgage Index report for April 26
8:15 am ADP Employment Change report for April
8:30 am GDP-Adv report for Q1
8:30 am Chain Deflator-Adv report for Q1
8:30 am Employment Cost Index report for Q1
9:45 am Chicago PMI report for April
10:30 am Crude Inventories report April 26
2:00 pm FOMC Rate Decision report for April
7:30 am Challenger Job Cuts report for April
8:30 am Initial Claims report for April 26
8:30 am Continuing Claims report for April 19
8:30 am Personal Income report for March
8:30 am Personal Spending report for March
8:30 am PCE Prices-Core report for March
10:00 am Construction Spending report for March
10:30 am Natural Gas Inventories report for April 26
2:00 pm Auto Sales report for April
2:00 pm Truck Sales report for April
8:30 am Nonfarm Payrolls report for April
8:30 am Nonfarm Private Payrolls report for April
8:30 am Unemployment Rate report for April
8:30 am Hourly Earnings report for April
8:30 am Average Workweek report for April
10:00 am Factory Orders report for March