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Benzinga Market Primer: Friday, May 31
Friday, May 31, 2013 - 6:36am | 940Read More...Futures Lower On Weak European Economic Data U.S. equity futures lower in early pre-market trade on a batch of weak economic data out of the eurozone. Although most of the weakness in the data points was expected, the data, including unemployment statistics and German retail sales, pointed to a...
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Benzinga Market Primer: Tuesday, April 30
Tuesday, April 30, 2013 - 6:38am | 1124Read More...Futures Flat on Mixed Economic Data U.S. equity futures traded little changed in early pre-market trade following mixed global economic data. Mixed data out of Japan was followed by a flood of data out of Europe which continued to point to room for the European Central Bank to ease policy further...
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Benzinga Market Primer: Thursday, March 28
Thursday, March 28, 2013 - 6:28am | 826Read More...Futures Lower On Europe Fears, Cyprus Banks, Eyeing GDP U.S. equity futures traded lower in early pre-market trade on European fears as Cyprus looks set to reopen its banks for the first time since a week ago Monday. The government will put in place harsh capital controls for a minimum of two...
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Benzinga Market Primer: Thursday, February 28
Thursday, February 28, 2013 - 7:33am | 818Read More...Futures Flat On Draghi Stimulus Comments U.S. equity futures were relatively flat in early trade following comments from ECB President Mario Draghi. Draghi said that the bank has no intention of tightening policy anytime soon as inflation runs below target and that the bank is far from...
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Benzinga Market Primer: Thursday, January 31
Thursday, January 31, 2013 - 7:34am | 917Read More...Futures Flat After GDP U.S. equity futures were flat in pre-market trade Thursday following the weak GDP report issued in the U.S. Wednesday. The Bureau of Economic Analysis reported that the economy contracted 0.1 percent in the fourth quarter. However, the underlying growth rate, excluding...
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How to Read Today's Price Action in Stocks (SPY, QQQ)
Thursday, May 31, 2012 - 4:30pm | 240Read More...The answer in one word: don't. Stocks had a volatile day, trading down as much as 1.25% this morning before rallying. Rumors of a Spanish bailout circulated earlier this morning, but were quickly denied by all parties. The IMF claims to have simply been discussing the idea of a Spanish bailout...
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Norfolk Southern Says Economy Chugging Right Along
Thursday, October 27, 2011 - 12:29pm | 766Read More...Norfolk Southern (NYSE: NSC) reported third quarter earnings last night that absolutely blew out estimates, and shares are motoring along today up more than 7%. The Virginia-based railroad company reported third quarter earnings of $1.59 per share on $2.89 billion in revenues. Wall Street...
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How to Take Advantage of a Market Anomaly Today
Monday, October 3, 2011 - 9:39am | 599Read More...Last week, we got data from the Chicago Purchasing Manager's Index (PMI), and it beat handily, coming in at 60.4, versus expectations of 55.0. Historically, there has been a 90% correlation between PMI and ISM data, which is due out at 10:00 a.m. Expectations are for 50.5. Last month saw a...
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Why Tomorrow May Be The Most Important Day For QE3
Thursday, September 1, 2011 - 2:38pm | 917Read More...Whether we get a third round of quantitative easing or not remains to be seen, but tomorrow could be the most important day in having a say yes or no. Tomorrow is the August Nonfarm payrolls report, to be released at 8:30 a.m. There is a wide range of consensus estimates for the numbers of jobs...
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August Chicago PMI Better Than Expected
Wednesday, August 31, 2011 - 9:47am | 47Read More...The August Chicago PMI was just released, and it came in much better than expected. The reading was 56.5, versus estimates of 53.3. Stocks are jumping on the better than expected data. The Dow is up 82 points, the NASDAQ is up 20 points and the S&P 500 is up 11 points.
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Today's Economic Reports
Wednesday, August 31, 2011 - 8:08am | 166Read More...There is a slew of economic reports today, with all of them being market moving. The August ADP employment report, Chicago PMI, and July factory orders are going to be released today. The August ADP employment report is going to be released at 8:15 a.m., and economists are expecting 100,000...
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Could Fastenal Be The Nuts & Bolts Of Your Portfolio?
Tuesday, July 12, 2011 - 8:40am | 547Read More...Fastenal Co. (NASDAQ: FAST) reported second quarter earnings this morning that beat Wall Street expectations, which could be a good sign for the manufacturing sector this earnings season. Fastenal, based in Minnesota, touches nearly every segment of the manufacturing sector with its nuts, bolts...
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Stocks At Session Highs After StrongEconomic Data
Thursday, June 30, 2011 - 11:55am | 58Read More...Stocks are near their session highs, as we saw a much stronger than expected Chicago PMI this morning, helping add to gains in equities. The June Chicago PMI came in at 61.1, versus expectations of 54.0, helping to boost equities. As such, the Dow is up 138 points, the NASDAQ is better by 31...
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June Chicago PMI Blows Past Expectations
Thursday, June 30, 2011 - 9:47am | 53Read More...The June Chicago Purchasing Manager Index (PMI) was just released, and results blew past expectations. The reading came in at 61.1 versus estimates of 54.0. Stocks are jumping after the release, with the Dow up 90 points, the NASDAQ is up 20 points and the S&P 500 is up 9 points.
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Chicago PMI Comes In Weaker Than Expected
Tuesday, May 31, 2011 - 9:45am | 47Read More...May Chicago PMI was just released, and it came in weaker than expected. Expectations were for a reading of 62.5, and it came in at 56.6. Stocks are higher after the reading. The Dow is up 117 points, the NASDAQ is up 26 points, and the S&P 500 is up 11 points.
