Archive for 2015

  • Stock Market Sinks on February Jobs Data Release

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    DOW 18,135.72  +38.82 points or  +0.21%
    S&P 500  2,101.04  +2.51 points  +0.12%

    NASDAQ  4982.81  +15.67 points or  +0.32%

    Russell 2000  1,230.73  -4.03 points or  -0.33%

     

    The Stock Market slid lower on February's Jobs data release. The Market opened lower and steadily sank lower all day closing near the lows of the day. Crude Oil continued to straddle the $50 per barrel level closing just $49.78 per barrel. The volatility index, the VIX, moved up 8.26 percent to close at 15.20. The 10 Year Treasury bond yield shot up on the Jobs data release closing up around the 2.24 percent level. Trading volume saw about 7.5 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 2

    8:30 AM Personal Income report for January was 0.3 percent. The Market was expecting 0.4 percent. The prior reported figure was 0.3 percent. 

    8:30 AM Personal Spending report for January was down -0.2 percent. The Market was expecting down -0.1 percent. The prior reported figure was also down -0.3 percent. 

    8:30 AM PCE Prices-Core report for January was 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was flat. 

    10:00 AM ISM Index report for February was 52.8. The Market was expecting 53.0. The prior reported figure was 53.5.

    10:00 AM Construction Spending report for January was down -1.1 percent. The Market was expecting 0.2 percent. The prior reported figure was revised from 0.4 percent to 0.8 percent. 


    March 4

    7:00 AM MBA Mortgage Index report for February 28 was 0.1 percent. The prior reported figure was -3.5 percent. 

    8:15 AM ADP Employment Change report for February was 212K. The Market was expecting 220K. The prior reported figure was revised from 213K to 250K.

    10:00 AM ISM Services report for February was 56.9. The Market was expecting 56.5. The prior reported figure was 56.7.

    10:30 AM Crude Inventories report for February 28 was 10.303M. The prior reported figure was 8.427M.

    2:00 PM Fed's Beige Book report for March said wage pressures remained modest throughout the U.S.A. economy.


    March 5

    7:30 AM Challenger Job Cuts report for February was 20.9 percent. The prior reported figure was 17.6 percent.

    8:30 AM Initial Claims report for February 28 was 320K. The Market was expecting 295K. The prior reported figure was 313K.

    8:30 AM Continuing Claims report for February 21 was 2421K. The Market was expecting 2404K. The prior reported figure was revised from 2401K to 2404K.

    8:30 AM Productivity -Revenue report for Q4 was down -2.2 percent. The Market was expecting down -2.3 percent. The prior reported figure was down -1.8 percent. 

    8:30 AM Factory Orders report for January was down -0.2 percent. The Market was expecting 0.6 percent. The prior reported figure was revised from down -3.4 percent to down -3.5 percent. 

    10:30 AM Natural Gas Inventories report for February 28 was down -228bcf. The prior reported figure was down -219bcf. 


    March 6

    8:30 AM Nonfarm Payrolls report for February was 295K. The Market was expecting 240K. The prior reported figure was revised from 257K to 239K.

    8:30 AM Nonfarm Private Payrolls for February was 295K. The Market was expecting 230K. The prior reported figure was revised from 267K to 237K.

    8:30 AM Unemployment Rate report for February was 5.5 percent. The Market was expecting 5.6 percent. The prior reported figure was 5.7 percent. 

    8:30 AM Hourly Earnings report for February

    8:30 AM Average Workweek report for February was 34.6 hours. That was exactly in line with Market expectations. The prior reported figure was 34.6.

    8:30 AM Trade Balance report for January was -$41.8B. The Market was expecting -$42.0B. The prior reported figure was revised from -$46.6B to -$45.6B. 

  • The Stock Market Broke the 2 Day Losing Streak With a Small Rally; Jobs Report Tomorrow



    DOW 18,135.72  +38.82 points or  +0.21%
    S&P 500  2,101.04  +2.51 points  +0.12%

    NASDAQ  4982.81  +15.67 points or  +0.32%

    Russell 2000  1,230.73  -4.03 points or  -0.33%

     

    The Stock Market broke the 2 day losing streak with small rally higher. The Market opened higher, sold off into negative territory early afternoon, and then managed to put a small rally together later in the day to close slightly higher. The Market is pretty much on hold, waiting for tomorrows employment data.  Crude Oil closed just under the $51 per barrel level,  The volatility index, the VIX, dipped 1.34 percent to close at 14.04. The 10 Year Treasury bond yield slipped slightly down to the 2.11 percent level. Trading volume saw about 5.8 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 2

    8:30 AM Personal Income report for January was 0.3 percent. The Market was expecting 0.4 percent. The prior reported figure was 0.3 percent. 

    8:30 AM Personal Spending report for January was down -0.2 percent. The Market was expecting down -0.1 percent. The prior reported figure was also down -0.3 percent. 

    8:30 AM PCE Prices-Core report for January was 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was flat. 

    10:00 AM ISM Index report for February was 52.8. The Market was expecting 53.0. The prior reported figure was 53.5.

    10:00 AM Construction Spending report for January was down -1.1 percent. The Market was expecting 0.2 percent. The prior reported figure was revised from 0.4 percent to 0.8 percent. 


    March 3

    2:00 PM Auto Sales report for February 

    2:00 PM Truck Sales report for February


    March 4

    7:00 AM MBA Mortgage Index report for February 28 was 0.1 percent. The prior reported figure was -3.5 percent. 

    8:15 AM ADP Employment Change report for February was 212K. The Market was expecting 220K. The prior reported figure was revised from 213K to 250K.

    10:00 AM ISM Services report for February was 56.9. The Market was expecting 56.5. The prior reported figure was 56.7.

    10:30 AM Crude Inventories report for February 28 was 10.303M. The prior reported figure was 8.427M.

    2:00 PM Fed's Beige Book report for March said wage pressures remained modest throughout the U.S.A. economy.


    March 5

    7:30 AM Challenger Job Cuts report for February was 20.9 percent. The prior reported figure was 17.6 percent.

    8:30 AM Initial Claims report for February 28 was 320K. The Market was expecting 295K. The prior reported figure was 313K.

    8:30 AM Continuing Claims report for February 21 was 2421K. The Market was expecting 2404K. The prior reported figure was revised from 2401K to 2404K.

    8:30 AM Productivity -Revenue report for Q4 was down -2.2 percent. The Market was expecting down -2.3 percent. The prior reported figure was down -1.8 percent. 

    8:30 AM Factory Orders report for January was down -0.2 percent. The Market was expecting 0.6 percent. The prior reported figure was revised from down -3.4 percent to down -3.5 percent. 

    10:30 AM Natural Gas Inventories report for February 28 was down -228bcf. The prior reported figure was down -219bcf. 


    March 6

    8:30 AM Nonfarm Payrolls report for February 

    8:30 AM Nonfarm Private Payrolls for February

    8:30 AM Unemployment Rate report for February

    8:30 AM Hourly Earnings report for February

    8:30 AM Average Workweek report for February 

    8:30 AM Trade Balance report for January

    3:00 PM Consumer Credit report for January

  • Stock Market Dips 2nd Consecutive Day


    DOW 18,096.90  -106.47 points or  -0.58%
    S&P 500  2,098.53  -9.25 points  -0.44%

    NASDAQ  4967.14  -12.76 points or  -0.26%

    Russell 2000  1,230.73  -4.03 points or  -0.33%

     

    The Stock Market dipped lower for the second consecutive trading day coming off new highs on Monday. The Market opened lower, bottomed around 10:30 AM ET, and stayed in negative territory for the remainder of the day, off the morning low. Crude Oil popped back over the $50 per barrel level, closing up over $51 per barrel. The volatility index, the VIX, jumped higher for the second consecutive day, moving up 2.67 percent to close at 14.23. The 10 Year Treasury bond yield remained steady holding the 2.12 percent level. Trading volume saw about 6.4 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 2

    8:30 AM Personal Income report for January was 0.3 percent. The Market was expecting 0.4 percent. The prior reported figure was 0.3 percent. 

    8:30 AM Personal Spending report for January was down -0.2 percent. The Market was expecting down -0.1 percent. The prior reported figure was also down -0.3 percent. 

    8:30 AM PCE Prices-Core report for January was 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was flat. 

    10:00 AM ISM Index report for February was 52.8. The Market was expecting 53.0. The prior reported figure was 53.5.

    10:00 AM Construction Spending report for January was down -1.1 percent. The Market was expecting 0.2 percent. The prior reported figure was revised from 0.4 percent to 0.8 percent. 


    March 3

    2:00 PM Auto Sales report for February 

    2:00 PM Truck Sales report for February


    March 4

    7:00 AM MBA Mortgage Index report for February 28 was 0.1 percent. The prior reported figure was -3.5 percent. 

    8:15 AM ADP Employment Change report for February was 212K. The Market was expecting 220K. The prior reported figure was revised from 213K to 250K.

    10:00 AM ISM Services report for February was 56.9. The Market was expecting 56.5. The prior reported figure was 56.7.

    10:30 AM Crude Inventories report for February 28 was 10.303M. The prior reported figure was 8.427M.

    2:00 PM Fed's Beige Book report for March said wage pressures remained modest throughout the U.S.A. economy.


    March 5

    7:30 AM Challenger Job Cuts report for February

    8:30 AM Initial Claims report for February 28

    8:30 AM Continuing Claims report for February 21

    8:30 AM Productivity -Revenue report for Q4

    8:30 AM Factory Orders report for January

    10:30 AM Natural Gas Inventories report for February 28


    March 6

    8:30 AM Nonfarm Payrolls report for February 

    8:30 AM Nonfarm Private Payrolls for February

    8:30 AM Unemployment Rate report for February

    8:30 AM Hourly Earnings report for February

    8:30 AM Average Workweek report for February 

    8:30 AM Trade Balance report for January

    3:00 PM Consumer Credit report for January

  • Stock Market Grabs a Breather After Mondays Gallop to New Highs



    DOW 18,203.37  -85.26 points or  -0.47%
    S&P 500  2,107.78  -9.61 points  -0.45%

    NASDAQ  4979.90  -28.19 points or  -0.56%

    Russell 2000  1,234.76  -7.86 points or  -0.63%

     

    The Stock Market grabbed a breather after Mondays new high gallop. The Market opened lower, and traded just off the morning lows for the remainder of the day. The NASDAQ index crossed back and closed below, the magical 5000 mark. Crude Oil closed below the $50 per barrel level for the second consecutive trading day. Crude appears to be see sawing around the $50 per barrel level. The volatility index, the VIX, had a slight pop, moving up +6.29 percent, to close at 13.86. The 10 Year Treasury bond yield has been creeping up, closing near a short term high yield level around 2.12 percent. Trading volume saw about 6.4 billion shares changing hands across all trading venues, according to BATS exchange data. 

     

    All released and proposed to be released economic reports for the week are listed below.


    March 2

    8:30 AM Personal Income report for January was 0.3 percent. The Market was expecting 0.4 percent. The prior reported figure was 0.3 percent. 

    8:30 AM Personal Spending report for January was down -0.2 percent. The Market was expecting down -0.1 percent. The prior reported figure was also down -0.3 percent. 

    8:30 AM PCE Prices-Core report for January was 0.1 percent. The Market was expecting 0.2 percent. The prior reported figure was flat. 

    10:00 AM ISM Index report for February was 52.8. The Market was expecting 53.0. The prior reported figure was 53.5.

    10:00 AM Construction Spending report for January was down -1.1 percent. The Market was expecting 0.2 percent. The prior reported figure was revised from 0.4 percent to 0.8 percent. 


    March 3

    2:00 PM Auto Sales report for February 

    2:00 PM Truck Sales report for February


    March 4

    7:00 AM MBA Mortgage Index report for February 28

    8:15 AM ADP Employment Change report for February

    10:00 AM ISM Services report for February

    10:30 AM Crude Inventories report for February 28

    2:00 PM Fed's Beige Book report for March


    March 5

    7:30 AM Challenger Job Cuts report for February

    8:30 AM Initial Claims report for February 28

    8:30 AM Continuing Claims report for February 21

    8:30 AM Productivity -Revenue report for Q4

    8:30 AM Factory Orders report for January

    10:30 AM Natural Gas Inventories report for February 28


    March 6

    8:30 AM Nonfarm Payrolls report for February 

    8:30 AM Nonfarm Private Payrolls for February

    8:30 AM Unemployment Rate report for February

    8:30 AM Hourly Earnings report for February

    8:30 AM Average Workweek report for February 

    8:30 AM Trade Balance report for January

    3:00 PM Consumer Credit report for January