Archive for March 5th, 2015

  • 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