Archive for February 24th, 2015

  • Stock Market Opens the Week Slightly Lower in a Dull Trading Session

    DOW 18,116.84  -23.60 points or  -0.13%
    S&P 500  2,109.66  -0.64 points  -0.03%

    NASDAQ  4,960.97  -5.00 points or  +0.10%

    Russell 2000  1,231.83  +0.04 points or  +0.00%


    The Stock Market began the week slightly lower in a light volume, dull trading session. The Market opened lower, and traded in a small range slightly in negative territory all day and into the close. Crude Oil slid again, dragging the price down back below the $50 per barrel range. The volatility index, the VIX, climbed slightly, moving up 1.82 percent to close 14.56. The 10 Year Treasury bond yield closed around the 2.06 percent yield level. Trading volume saw about 5.9 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.

    February 23

    10:00 AM Existing Home Sales report for January was 4.82M. The Market was expecting 4.95M. The prior reported figure was revised from 5.04M to 5.07M.

    February 24

    9:00 AM Case-Schiller 20-city Index report for December

    10:00 AM Consumer Confidence report for February 

    February 25

    7:00 AM MBA Mortgage Index report for February 21

    10:00 AM New Home Sales report for January 

    10:30 AM Crude Inventories report for February 21

    February 26

    8:30 AM Initial Claims report for February 21

    8:30 AM Continuing Claims report for February 14

    8:30 AM CPI report for January

    8:30 AM Core CPI report for January

    8:30 AM Durable Orders report for January

    8:30 AM Durable Goods-ex transportation report for January

    9:00 AM FHFA Housing Price Index report for December

    10:30 AM Natural Gas Inventories report for February 21

    February 27

    8:30 AM GDP-Second Estimate report for Quarter 4

    8:30 AM GDP Deflator-Second Estimate Quarter 4

    9:45 AM Chicago PMI report for February 

    10:00 AM Michigan Sentiment-Final report for February

    10:00 AM Pending Home Sales report for January