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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 10, 2014
09:50 EDTEurope concerns sink market at open
As suggested by the pre-market session's weak futures prices, the broader market opened sharply lower. Concerns over weak economic data in Italy and the health of one of Portugalís largest banks are being pointed to as the reason for the weakness in European equities, which have been followed downward by stocks in the U.S. The market had already exhibited weakness recently, having fallen in two of the last three sessions. There may be little to help investors, as the economic calendar will be quiet and the earnings season has yet to kick into high gear. About 20 minutes after the bell, the Dow is down 170 points, the Nasdaq is down 65 points and the S&P is down 19 points.
09:45 EDTOther risk events added to the bearish mix
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09:45 EDTU.S. wholesale trade preview:
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09:00 EDTThe 11k U.S. initial claims drop to 304k
The 11k U.S. initial claims drop to 304k in the week of the July 4th holiday, after the small 2k rise to 315k in the final week of June, reflects the typical weekly claims volatility seen through this important holiday-shortened week of the annual auto retooling. Claims are oscillating just above the 298k cycle-low from early-May, and well below the 345k recent-high at the end of April. Claims are entering July below recent averages of 314k in June, 312k in May, and 322k in April. Next week's BLS survey week reading may undershoot recent BLS figures of 314k in June and 327k in May. Analysts expect a 210k July payroll rise that is a tad stronger than the 208k average rise of the last twelve months, with a larger 272k average gain in Q2 but a lower 190k average in Q1. Payrolls face upside risk from tight claims, a firm producer sentiment trajectory, an ongoing consumer confidence climb back to mid-2013 levels, and a big 281k June ADP rise. Payrolls face downside risk from restrained vehicle assemblies since the big weather-led January hit to output.
08:50 EDTU.S. equities are sharply lower
U.S. equities are sharply lower amid fresh financial woes in peripheral Europe, which spread into European markets more broadly today after inducing some risk aversion yesterday. Initial jobless claims 11k drop to 304k was summarily ignored after Spain and Italian bourses caught the fear virus and are down over 2% apiece after Portugal tanked over 4%, while the Euro Stoxx 50 is 1.7% lower. Banco Espiritu Santo sank 17% before trade was suspended after confirming "material difficulties." In Asia, Japan's Nikkei closed 0.56% lower, while the Shanghai Comp was flat at -0.01% after weaker June trade data. The Dow is 144-points lower, S&P tumbled 17-points and NASDAQ is 35-points lower ahead of the opening bell. St. Louis Fed dove Bullard also said in a phone interview late Wednesday that inflation could exceed its target by 2015. Lumber Liquidators dove 21% after slashing its earnings outlook.
08:49 EDTBofA/Merrill natural gas liquids analyst holds analyst/industry conference call
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08:45 EDTFX Action: The dollar showed little reaction
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08:45 EDTTreasury Action: yields remained near lows
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08:41 EDTBofA/Merrill restaurant analysts to hold an analyst/industry conference call
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08:40 EDTU.S. initial jobless claims dropped 11k to 304k in the week ended July 5
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08:34 EDTFutures remain sharply lower ahead of open
Stock futures remain sharply lower following the release of the weekly jobless claims data. There were 304K initial claims versus the expected 315K, while continuing claims came in at 2.58M versus the expected 2.56M.
08:31 EDTJobless Claims data reported
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08:20 EDTU.S. initial jobless claims preview:
U.S. initial jobless claims preview: jobless claims for the week ended July 5 are expected to see an 11k increase to 326k (median 315k). The 2k claims rise to 315k in the final week of June capped the two-week drop to a lean 313k (was 312k) in the prior week and 314k in the BLS survey week from 318k at the start of the month, as the figures oscillate closer to the 298k cycle-low from early-May than the 345k recent-high at the end of April. The tightening in claims since April implies upside risk to our 210k July nonfarm payroll forecast after the 288k mark in June.
08:15 EDTFed funds opened at 0.09%
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08:15 EDTFedspeak from Kansas City Fed hawk George
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08:08 EDTBofA/Merrill Indian strategist/economist hold analyst/industry conference call
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07:55 EDTTreasury Market Outlook: Treasuries are sharply higher
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07:54 EDTBofA/Merrill to hold special situations ideas analyst/industry conference call
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07:50 EDTOil Action: NYMEX crude is down 58 cents at $101.71
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07:34 EDTFutures suggest sharply lower open
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<< 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 | 27 | 28 | 29 | all recent NOSYMBOL news | >>

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