New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 21, 2012
13:57 EDTAverages off worst levels but still down over 1%
Each of the major equity indices is deep in negative territory but off the worst levels of the session. Declining stocks are ahead of advancing stocks by over 3:1 on both the NYSE and Nasdaq. Down volume is ahead of up volume by about 9:1 on both. Crude oil prices are lower by 1.5% and gold is higher by 0.8%. The Dow is down 140 points, the Nasdaq is down 38 points and the S&P is down 15 points.
News For NOSYMBOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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 | 30 | all recent NOSYMBOL news | >>
April 3, 2015
10:31 EDTTreasury Budget to be reported at 14:00
March Treasury Budget will be reported at 14:00 . Current consensus is $[43.4]B
18:14 EDTISM Non-Mfg Index Composite to be reported at 10:00
March ISM Non-Mfg Index Composite will be reported at 10:00 . Current consensus is 56.7
18:14 EDTConsumer Credit to be reported at 15:00
Subscribe for More Information
18:14 EDTWholesale Trade Inventories to be reported at 10:00
Subscribe for More Information
18:14 EDTPMI Services Index Level to be reported at 09:45
Subscribe for More Information
09:50 EDTTreasury Closing Summary:
Subscribe for More Information
09:30 EDTFor the U.S. jobs data impact on quarterly forecasts
For the U.S. jobs data impact on quarterly forecasts, analysts lowered our Q1 GDP growth estimate to 1.0% from 1.3%, following the already-lean 2.2% pace in Q4. Hours-worked rose at a 2.2% Q1 pace that may still suggest some upside risk for GDP growth, though hours-worked consistently outpaced assumptions through 2014, with solid rates of 4.1% in Q4 and 3.5% for 2014 overall, despite lower respective GDP growth clips of just 2.2% and 2.5%. Our GDP forecasts imply a 1.2% productivity contraction pace in Q1, after the 2.2% Q4 drop. Analysts saw a 0.1% Q4/Q4 productivity decline for 2014 overall as job growth proved firm relative to GDP, as seems to be the case into early-2015, and analysts assume a 2015 Q4/Q4 productivity climb of just 0.4%. For 2015 overall, analysts expect 2.3% Q4/Q4 growth for real GDP with a 2.0% Dec/Dec hours-worked gain. Payroll growth moderated in Q1 after the Q4 pop, and with an average Q1 monthly payroll gain of 197k that unwound some of the solid 324k average gain in Q4 to leave a mix that is in line with the 260k monthly average for 2014 overall.
09:30 EDTFed Policy Outlook: the soft jobs report has taken the wind out of rate liftoff
Subscribe for More Information
09:25 EDTFX Action: The dollar has continued its decline
Subscribe for More Information
09:15 EDTThe126k U.S. March payroll rise
The126k U.S. March payroll rise with 69k in prior downward revisions and a 0.2% drop in hours-worked, combined with big goods-sector declines for payrolls and hours-worked lowered our production estimates for March. Analysts saw a decline the jobless rate to a 5.47% new cycle-low, though this reflected an ugly 96k labor force drop alongside an anemic 34k civilian employment rise, with a decline in the labor force participation rate back to its 62.7% 36-year low. The only good news in the report was a 0.3% rise for hourly earnings that will provide some lift to income. The workweek slipped to 34.5 from a 34.6 cycle-high over the prior five months that was also seen back in March of 2013, following the same 34.5 over the seven months ending last September. For the bellwether goods sector, analysts saw a big 0.6% March hours-worked drop led by a 1.4% decline for mining, a 1.0% drop for construction, and a 0.3% decline for factories. Goods sector jobs fell 13k, with an 11k drop for mining and 1k declines each for construction and factories.
09:05 EDTU.S. equity futures rotated lower
Subscribe for More Information
09:00 EDTFed's Kocherlakota didn't discuss monetary policy or the economy
Subscribe for More Information
08:50 EDTFX Action: The dollar slid
FX Action: The dollar slid after the combination of a disappointing NFP print, and downward back revisions. The slightly firmer weekly hourly earnings data was a slight offset, though not nearly enough to keep EUR-USD from ramping up to over one-week highs of 1.0998 from 1.0885. USD-JPY fell to 118.94 from 119.90, matching the March 27 base. Following the initial moves, the dollar has stayed down, as yields remain lower, and equity futures move lower.
08:45 EDTTreasury Action: yields gapped lower on payrolls headlines
Subscribe for More Information
08:40 EDTU.S. nonfarm payrolls increased only 126k in March
Subscribe for More Information
08:31 EDTMarch U.S. nonfarm payrolls rise 126,000, Unemployment rate 5.5%
08:10 EDTFX Action: The lack of liquidity has shown its face
Subscribe for More Information
08:05 EDTA Roadmap to the Fed's Thinking on the Jobs Report
A Roadmap to the Fed's Thinking on the Jobs Report has been drawn out by WSJ Fedwatcher Hilsenrath in a timely Grand Central blog update ahead of the payrolls report. With three reports left ahead of the June meeting the Fed will want to see continued growth above 200k; below which could sow doubts about the recovery and closer to the 293k 6-month average would increase their confidence. Movement in the jobless rate into the 5.0-5.2% zone would put the economy on a footing closer to full employment and increase odds of a June hike. An average hourly earnings pick-up over 2% would increase odds of a hike, while a dip below would reduce them. As Jon says, "Fed officials pay attention to lots of other indicators in the report, including labor force participation and broader measures of unemployment which account for part-time workers. But payrolls, the jobless rate and hourly earnings can give you a quick read of how the Fed will digest the numbers."
08:00 EDTN.Y. FX Outlook
Subscribe for More Information
07:20 EDTU.S. Employment Preview
Subscribe for More Information
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 | 30 | all recent NOSYMBOL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use