Archive for March 20th, 2015

  • Mixed Market Large Cap Stocks Fall and Small Cap Stocks Rally



    DOW 17,959.03  -117.16 points or  -0.65%
    S&P 500  2,089.27  -10.23 points  -0.49%

    NASDAQ  4,992.38  +9.55 points or  +0.19%

    Russell 2000  1,254.86  +2.72 points or  +0.22%

       

    The S&P and the Dow opened lower, and closed down near the lows of the day. The smaller cap NASDAQ and Russell indexes opened higher, and rallied closing up on the day. The volatility index, the VIX, faded the large cap Stock Market sell off, moving only slightly higher up 0.22 percent to close at 14.07. The 10 Year Treasury bond yield closed around the 1.98 percent level. Trading volume saw about 6.6 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 16

    8:30 AM Empire Manufacturing report for March was 6.9. The Market was expecting 8.8. The prior reported figure was 7.8. 

    9:15 AM Industrial Production report for February was 0.1 percent. The Market was expecting 0.3 percent. The prior reported figure was revised from 0.2 percent to down -0.3 percent. 

    9:15 AM Capacity Utilization report from February was 78.9 percent. The Market was expecting 79.5 percent. The prior reported figure was revised from 79.4 percent to 79.1 percent. 

    10:00 AM NAHB Housing Market Index report for March was 53. The Market was expecting 56. The prior reported figure was 55. 

    4:00 PM Net Long-Term TIC Flows report for January was -$27.2B. The prior reported figure was revised from $35.4B to $39.2B.


    March 17

    8:30 AM Building permits report for February was 1092K. The Market was expecting 1070K. The prior reported figure was revised from 1053K to 1060K. 

    8:30 AM Housing Starts report for February was 897K.The Market was expecting 1041K. The prior reported figure was revised from 1065K to 1081K. 


    March 18

    7:00 AM MBA Mortgage Index report for March 14 was down -3.9 percent. The prior reported figure was down -1.3 percent. 

    10:30 AM Crude Inventories report for March 14

    2:00 PM FOMC Rate Decision report for March was 0.25 percent. That was exactly in line with Market expectations. The prior Rate Decision was also 0.25 percent. 


    March 19

    8:30 AM Continuing Claims report for March 7

    8:30 AM Initial Claims report for March 14 was 291K. The Market was expecting 293K. The prior reorted figure was revised from 289K to 290K. 

    8:30 AM Continuing Claims report for March 7 was 2417K. The Market was expecting 2415K. The prior reported figure was revised from 2418K to 2428K.

    8:30 AM Current Account Balance report for Quarter 4 was -$113.5B. The Market was expecting -$105.0B. The prior reported figure was revised from -$100.3B to -$98.9B. 

    10:00 AM Philadelphia Fed report for March was 5.0. The Market was expecting 6.9. The prior reported figure was 5.2.

    10:00 AM Leading Indicators report for February was 0.2 percent. That was exactly in line with the Market expectations. The prior reported figure was also 0.2 percent.

    10:30 AM Natural Gas Inventories report for March 14 was -45 bcf. The prior reported figure was -198 bcf.