Archive for March 4th, 2015

  • 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