Stock Market Finished Last Week on a Down Session




DOW 17,749.31  -145.91 points or  -0.82%
S&P 500  2,053.40  -12.55 points  -0.61%

NASDAQ  4,871.76  -21.53 points or  -0.44%

Russell 2000  1,232.14  -4.50 points or  -0.36%

 

The Stock Market finished the week with another down trading session, continuing to act like a yo yo, up, down. The Market opened lower, bottomed out around 12 noon ET, and closed lower, yet well off the session low.  Crude Oil is making its move away from the $50 per barrel level on the down side, closing down near the $47 per barrel level. There is talk that $35 per barrel is the next target level. The volatility index, the VIX, does not appear to be buying this selloff as anything severe, moving up +3.76 percent to close at 16.00. The 10 Year Treasury bond yield was little changed, closing around the 2.11 percent level. Trading volume saw about 6.8 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 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 was 289k. The Market was expecting 306k. The prior reported figure was revised from 320k to 325k.

8:30 AM Continuing Claims report for February 28 was 2418k. The Market was expecting 2421k. the prior reported figure was revised from 2421k to 2423k.

8:30 AM Retail Sales report for February was down -0.6 percent. The Market was expecting 0.4 percent. The prior reported figure was down -0.8 percent. 

8:30 AM Retail Sales ex-auto report for February was down -0.1 percent. The Market was expecting 0.6 percent. The prior reported figure was revised from down -0.9 percent to down -1.1 percent. 

8:30 AM Export Prices ex-ag report for February was 0.2 percent. The prior reported figure was revised from down -1.0 percent to down -2.0 percent. 

8:30 AM Import Prices ex-oil report for February was down -0.3 percent. The prior reported figure was revised from down -0.7 percent to down -0.6 percent. 

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

10:30 AM Natural Gas Inventories report for March 7 was -198 bcf. The prior reporteed figure was -228 bcf. 


March 13

8:30 AM PPI report for February was down -0.5 percent. The Market was expecting 0.3 percent. The prior reporteed figure was down -0.8 percent. 

8:30 AM Core PPI report for February was down -0.5 percent. The Market was expecting 0.1 percent. The prior reported figure was down -0.1 percent. 

10:00 AM Michigan Sentiment report for March was 91.2. The Market was expecting 95.8. The prior reported figure was 95.4.







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