Archive for February 27th, 2015

  • Stock Market Takes a Rally Rest



    DOW 18,214.42  -10.15 points or  -0.06%
    S&P 500  2,110.74  -3.12 points  -0.15%

    NASDAQ  4,987.89  +20.75 points or  +0.42%

    Russell 2000  1,239.11  +4.01 points or  +0.32%

     

    The Stock Market pulled back, taking a rest from the recent strong rallies. The Market opened lower, traded near the unchanged level most of the day and closed basically unchanged with a negative bias. Crude Oil resumed sliding lower, dropping down near the $48 per barrel level. The volatility index, the VIX, was basically unchanged, closing at 13.91. The 10 Year Treasury bond yield closed around 2.2  percent. Trading volume saw about 6.5 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.


    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 was 4.5 percent. The Market was expecting 4.3 percent. The prior reported figure was 4.3 percent. 

    10:00 AM Consumer Confidence report for February was 96.4. The Market was expecting 99.6. The prior reported figure was revised from 102.9 to 103.8.


    February 25

    7:00 AM MBA Mortgage Index report for February 21 was -3.5 percent. The prior reported figure was -13.2 percent. 

    10:00 AM New Home Sales report for January was 481K. The Market was expecting 470K. The prior reported figure was revised from 481K to 482K.

    10:30 AM Crude Inventories report for February 21 was 8.427M. The prior reported figure was 7.716M. 


    February 26

    8:30 AM Initial Claims report for February 21 was 313K. The Market was expecting 290K. The prior reported figure was revised from 283K to 282K.

    8:30 AM Continuing Claims report for February 14 was 2401K. The Market was expecting 2400K. The prior reported figure was revised from 2425K to 2422K.

    8:30 AM CPI report for January was -0.7 percent. The Market was expecting -0.6 percent. The prior reported figure was revised from -0.4 percent to -0.3 percent. 

    8:30 AM Core CPI report for January was 0.2 percent. The Market was expecting 0.1 percent. The prior reported figure was revised from flat to 0.1 percent. 

    8:30 AM Durable Orders report for January was 2.8 percent. The Market was expecting 1.7 percent. The prior reported figure was revised from -3.3 percent to -3.7 percent. 

    8:30 AM Durable Goods-ex transportation report for January was 0.3 percent. The Market was expecting 0.5 percent. The prior reported figure was revised from -0.8 percent to -0.9 percent. 

    9:00 AM FHFA Housing Price Index report for December was 0.8 percent. The prior reported figure was revised from 0.8 percent to 0.7 percent. 

    10:30 AM Natural Gas Inventories report for February 21 was -219bcf. The prior reported figure was -111bcf.


    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