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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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October 23, 2014
08:55 EDTU.S. equities tacked higher
U.S. equities tacked higher after a sluggish session overnight with mostly weaker global bourses, that shrugged off firmer PMIs in China, Japan and the Eurozone after the incidents in Ottawa and the White House. Initial jobless claims rebounded 17k to 283k, while there remains a hodge podge assortment of home price and LEI data due and the market had already taken its bullish cue from CAT earnings. The Dow is 125-points higher, S&P gained 14-points and NASDAQ 29-points firmer ahead of the open. This rally flew in the face of a 1.04% poorly explained plunge in the Shanghai comp and a 0.37% drop in Japan's Nikkei, while the Euro Stoxx 50 has recovered to 0.3% from negative territory. Among key earnings releases were Caterpillar, which rallied over 4% along with 2% gains on GM and Boston Scientific. CAT $1.72 EPS vs $1.36 estimates earnings were especially pertinent as U.S. multinationals were expected to be dented by the dollar's Q3 surge; moreover, CAT predicted an upturn in global economic growth in 2015, though some slowing due to reforms in China.
08:50 EDTFX Action: The dollar moved up a notch
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08:50 EDTThe 17k U.S. initial claims bounce to 283k
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08:45 EDTU.S. Chicago National Activity index surged to 0.47 in September
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08:45 EDTTreasury Action: yield nosed higher
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08:40 EDTU.S. initial jobless claims rose 17k to 283k in the week ended October 18
U.S. initial jobless claims rose 17k to 283k in the week ended October 18, after dropping 21k to 266k previously (revised from 264k). The claims data take on extra importance since they coincide with the BLS employment survey week. The 4-week moving average fell to 281 from 284k (revised from 283.5k). Continuing claims dropped 38k to 2,351k in the October 11 week, from 2,389k. The BLS said there were no unusual factors in the data, and the numbers continue to reflect a much improved job market.
08:40 EDTOil Action: NYMEX crude is at $81.07/bbl
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08:30 EDTU.S. initial jobless claims preview:
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07:50 EDTTreasury Market Outlook: Treasuries have edged lower
Treasury Market Outlook: Treasuries have edged lower, in tandem with modest declines in European sovereigns after some better than expected PMI readings. Indeed, the 10-year yield hit 2.25%. U.S. equity futures are rebounding after yesterday's declines on the improved manufacturing data. However, European bourses are mostly lower after disappointing earnings news and misses in U.K. retail sales and mortgage lending data. Asian equities tracked Wednesday's weakness on Wall Street. Of note, Japan's 3-month bill auction saw a negative yield for the first time ever. Today's calendar is full and includes the Markit PMI for October, initial jobless claims for the week ended October 18 (which coincides with the BLS employment survey), the August FHFA home price numbers, and September leading indicators. September new home sales are due Friday. There are a slew of earnings reports, including Caterpillar, Microsoft, Amazon, Eli Lilly, American Airlines, Coca-Cola Enterprises, Credit Suisse, Daimler, Deckers, Dr Pepper Snapple, Dunkin' Brands, Southwest Airlines, JetBlue, and Under Armour. The Treasury reopens $7 B in 30-year TIPS. The NY Fed will buy $1.35 B to $1.65 B in notes dated from July 31, 2020 through September 30, 2021. This should the penultimate buyback of QE3.
07:30 EDTMarket looking to rebound from yesterday’s sell-off
Stock futures are slightly higher in early trading, as the market will look to overcome fears sparked by a shooting at the Canadian parliament building yesterday. There are many earnings reports for investors to pore over today, along with a few economic reports which are scheduled to be released later in the day. Investors will be watching the weekly jobless claims data and natural gas storage change report for clues about the economy.
07:09 EDTGlobal Technology Community to hold a conference
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07:05 EDTFX Update: The dollar has traded mixed
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07:00 EDTFX Update: The dollar has traded mixed
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05:52 EDTOn The Fly: Morning Wrap-Up for October 23
Globex S&P futures are recently up 9.00 from previous day’s SPX cash close. Nikkei 225 down 0.37%, DAX up 0.67%. WTI Crude oil is recently at $80.40, natural gas down 0.60%, gold at $1240 an ounce, and copper up 0.55%.
05:49 EDTNovember front month equity options last day to trade is November 21, 2014
02:25 EDTFX Update: The dollar traded marginally firmer
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October 22, 2014
20:00 EDTWhite House was locked down after the close
White House was locked down after the close after a man jumped the fence and made it as far as the lawn before being intercepted by guard dogs and secret service agents. The incident would be just another random act but for the heightened security following the events in Ottawa earlier today, which caused some slight jitters in the equity markets. Otherwise, yields and FX majors are fairly steady heading toward the release of Japan and China PMIs.
17:12 EDTWeek of 10/31 EIA Petroleum Status Report to be released at 10:30
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17:12 EDTWeek of 10/31 MBA Purchase Applications to be released at 07:00
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15:15 EDTTreasury Closing Summary:
Treasury Closing Summary: Yields backed up with the opening bounce in equities on Wednesday, but failed to retreat much lower after stock gains were reversed in light of the attack in Ottawa that was analyzed for any broader regional terror implications, or whether domestic or international. That tragic incident, however, sowed enough doubt in investors to put the rally on pause. Tame core CPI meanwhile left the upcoming FOMC meeting on track to finish off QE3 with little fanfare, while the debate about the timing of rate hikes remains in play. The Bank of Canada abandoned its neutral bias, but the events in Ottawa overshadowed and delayed any press conference to more clearly explain their rationale.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | all recent NOSYMBOL news | >>

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