The Stock Market Broke the 2 Day Losing Streak With a Small Rally; Jobs Report Tomorrow



DOW 18,135.72  +38.82 points or  +0.21%
S&P 500  2,101.04  +2.51 points  +0.12%

NASDAQ  4982.81  +15.67 points or  +0.32%

Russell 2000  1,230.73  -4.03 points or  -0.33%

 

The Stock Market broke the 2 day losing streak with small rally higher. The Market opened higher, sold off into negative territory early afternoon, and then managed to put a small rally together later in the day to close slightly higher. The Market is pretty much on hold, waiting for tomorrows employment data.  Crude Oil closed just under the $51 per barrel level,  The volatility index, the VIX, dipped 1.34 percent to close at 14.04. The 10 Year Treasury bond yield slipped slightly down to the 2.11 percent level. Trading volume saw about 5.8 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 was 20.9 percent. The prior reported figure was 17.6 percent.

8:30 AM Initial Claims report for February 28 was 320K. The Market was expecting 295K. The prior reported figure was 313K.

8:30 AM Continuing Claims report for February 21 was 2421K. The Market was expecting 2404K. The prior reported figure was revised from 2401K to 2404K.

8:30 AM Productivity -Revenue report for Q4 was down -2.2 percent. The Market was expecting down -2.3 percent. The prior reported figure was down -1.8 percent. 

8:30 AM Factory Orders report for January was down -0.2 percent. The Market was expecting 0.6 percent. The prior reported figure was revised from down -3.4 percent to down -3.5 percent. 

10:30 AM Natural Gas Inventories report for February 28 was down -228bcf. The prior reported figure was down -219bcf. 


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

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