After Tuesdays Dive, Stocks Hovered Around the Unchanged Level Closing Slightly Lower


DOW 17,635.39  -27.55 points or  -0.16%
S&P 500  2,040.24  -3.92 points  -0.19%

NASDAQ  4849.94  -9.85 points or  -0.20%

Russell 2000  1,215.78  +7.30 points or  +0.60%

 

After yesterdays dive, the Stock Market hovered around the unchanged level closing slightly lower for the day. The Market opened higher, and proceeded to straddle the unchanged level up/down finally closing on the down side. A positive note, U.S. Banks passed the Feds stress tests. In a huge turn around from 2008, Citigroup scored the cleanest stress test pass.  The US stock leader Apple, continued to dive today, losing almost two percent to close down at 122.24.  Crude Oil was little changed, closing down around the $48 per barrel level. The volatility index, the VIX, moved up slightly, up 1 percent to close up at 16.87.  The 10 Year Treasury bond yield dropped again to close down around the 2.11 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 10

10:00 AM JOLTS-Job Openings report for January was 4.998M. The prior reported figure was revised from 5.028M to 4.877M. 

10:00 AM Wholesale Inventories report for January was 0.3 percent. The Market was expecting -0.1 percent. The prior reported figure was revised from 0.1 percent to flat.


March 11

7:00 AM MBA Mortgage Index report for March 7 was down -1.3 percent. The prior reported figure was up 0.1 percent. 

10:30 AM Crude Inventories report for March 7 was 4.512M. The prior reported figure was 10.303M. 

2:00 PM Treasury Budget report for February 


March 12

8:30 AM Initial Claims report for March 7

8:30 AM Continuing Claims report for February 28

8:30 AM Retail Sales report for February

8:30 AM Retail Sales ex-auto report for February

8:30 AM Export Prices ex-ag report for February

8:30 AM Import Prices ex-oil report for February

10:00 AM Business Inventories report for January

10:30 AM Natural Gas Inventories report for March 7


March 13

8:30 AM PPI report for February

8:30 AM Core PPI report for February

10:00 AM Michigan Sentiment report for March

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