NY Fed outright purchase: the Fed is buying $0.75 B to $1 B in TIPS NY Fed outright purchase: the Fed is buying $0.75 B to $1 B in TIPS in today's buyback. There won't be much effect on the nominal market.
A building explosion and collapse in Harlem in NYC A building explosion and collapse in Harlem in NYC has been setting Twitter alight, but the location at 116th and Park would seem an unlikely target for anything other than incompetence. Stocks, yields and USD-JPY were already lower in advance of this news.
Goldman communications/tech analysts hold an analyst/industry conference call Analysts discuss upgrading CommTech to Attractive on an Analyst/Industry conference call to be held on March 12 at 10:30 am.
U.S. stocks follow global markets lower at open Stock futures were soft throughout the pre-market trading session due to global growth concerns. China has reported weaker economic data recently and Reuters said overnight that China's central bank is prepared to cut the amount of cash that banks must keep as reserves if economic growth slows further. The major averages opened lower when trading in New York began, extending the slide seen in the second half of yesterday's session. Investors will receive little help from domestic economic calendar, which is relatively sparse today. In early trading, the Dow is down 87 points, the Nasdaq is down 33 points and the S&P is down 13 points.