Tag Archives: Economic Calendar

Dow Up 100+ In Early Trading

U.S. stocks traded higher Wednesday, following a global rally on encouraging China trade data, and helped by JPMorgan’s earnings beat.

The Dow Jones industrial average gained more than 100 points soon after the open. Goldman Sachs and JPMorgan Chase contributed the most to gains.

Financials are the worst performing sector in the S&P 500 for the year so far.

The Nasdaq composite gained more than 1 percent with Apple and Amazon.com leading major tech stocks higher.

Coming Up:

Wednesday

Earnings: Pier 1 Imports, Kinder Morgan, Noble

10 a.m. Business inventories

10:30 a.m. EIA oil inventories

1 p.m. $20 billion 10-year note auction

2 p.m. Beige book

Thursday

Earnings: Bank of America, BlackRock, Wells Fargo, PNC Financial, First Republic Bank, Freeport-McMoRan, Snap-on, Advanced Micro, Delta Air Lines, Shaw Communications, Infosys

8 a.m. Bank of Japan Governor Haruhiko Kuroda at CFR, New York

8:30 a.m. Jobless claims

8:30 a.m. CPI

10 a.m. Atlanta Fed President Dennis Lockhart

10 a.m. Fed Gov. Jerome Powell at Senate Banking subcommittee

1 p.m. $12 billion 30-year bond auction

Share

Stocks Start Lower Monday

U.S. stocks traded in a range Monday, after five straight weeks of gains, as investors eyed oil and housing data in the holiday-shortened week.

The major averages tried to reclaim opening losses to hold mostly higher, with telecommunications leading S&P 500 advancers and Boeing the top contributor to gains in the Dow Jones industrial average.

Citigroup traded more than 1 percent higher. KBW said in a Sunday note the firm “could be one of the only U.S. (global systematically important banks) that could successfully split up,” a move that “should unlock meaningful shareholder value—50+% returns versus the current market capitalization.”

The Nasdaq composite outperformed in morning trade, as Apple gained more than half a percent and the iShares Nasdaq Biotechnology ETF (IBB) rose 1.5 percent.

U.S. crude oil futures for April delivery attempted to hold higher above $39.50 a barrel. After the settle, the contract rolls to May, which was above $41 in morning trade.

Today’s Data:

Monday

12:40 p.m.: Atlanta Fed President Dennis Lockhart speaks on the economic outlook and monetary policy.

8:30 p.m.: St. Louis Fed President James Bullard speaks on economic inequality

Share

Stocks Try For Gains As Energy Rises

U.S. stocks traded in a narrow range Thursday as the Federal Reserve’s Wednesday announcement remained in focus amid several data releases.

The Dow Jones industrial average tried for slight gains in morning trade, with Exxon Mobil and Boeing among the top contributors to gains.

Energy led S&P 500 advancers.

Coming Up:

Thursday

Earnings: Adobe Systems
10 a.m.: JOLTS
10 a.m.: Leading indicators
10:30 a.m.: Natural gas inventories
4:30 p.m.: Fed balance sheet/Money supply

Friday

Quadruple Witching
Earnings: Tiffany
9 a.m.: New York Fed President William Dudley speaks
10 a.m.: Consumer sentiment
10 a.m.: Atlanta Fed business inflation expectations
11 a.m.: Boston Fed President Eric Rosengren speaks
1 p.m.: Oil rig count
1:30 p.m.: St. Louis Fed President James Bullard

Share

Dow Briefly Up 100 Points

Stocks traded higher today, helped by a risingoil prices, following the release of the Fed’s statement.

Federal Reserve  Chairwoman Janet Yellen said in a press conference following the statement release that policymakers have not concluded inflation has seen a significant, lasting uptick.

The Dow 30  briefly gained 100 points, with Chevron, Caterpillar and IBM among the top contributors to gains. Goldman Sachs was the greatest contributor to declines.

Coming Up Later This Week:

Thursday

Bank of England monetary policy announcement and minutes

Earnings: Tencent, Michaels Cos., Intl. Game Technology, Lands’ End, Adobe Systems

8:30 a.m.: Jobless claims

8:30 a.m.: Philly Fed business outlook survey

8:30 a.m.: Current account

10 a.m.: JOLTS

10 a.m.: Leading indicators

10:30 a.m.: Natural gas inventories

4:30 p.m.: Fed balance sheet/Money supply

Friday

Quadruple Witching

Earnings: Tiffany

9 a.m.: New York Fed President William Dudley speaks

10 a.m.: Consumer sentiment

10 a.m.: Atlanta Fed business inflation expectations

11 a.m.: Boston Fed President Eric Rosengren speaks

1 p.m.: Oil rig count

1:30 p.m.: St. Louis Fed President James Bullard

Share

Nasdaq briefly positive; Street awaits Fed

WEDNESDAY – U.S. stocks traded in narrow range Wednesday after morning data and ahead of the scheduled afternoon conclusion of the Fed meeting.

Treasury yields climbed, with the 2-year topping 1 percent for its highest since Jan. 8, after inflation and housing data.

Stocks opened lower and held mostly in the red in morning trade. The Nasdaq composite briefly attempted gains.

The FOMC is due to conclude its two-day meeting on Wednesday with the 2 p.m. ET release of its statement and economic projections. Those include the highly scrutinized “dot plot,” which shows the targets for appropriate federal funds rates by FOMC participants. Fed Chair Janet Yellen is also scheduled to give a news conference at 2:30 p.m.

Oil traded higher, with WTI above $37 a barrel following news producers will meet next month in Qatar to discuss a proposal to freeze output.

Coming Up:

Wednesday

Earnings: FedEx, Ctrip.com Intl., Guess, Herman Miller, Jabil Circuit
10:30 a.m.: Oil inventories
1 p.m.: European Central Bank President Mario Draghi gives welcoming remarks at ECB Contemporary Art From Poland Exhibition
2 p.m.: FOMC meeting announcement
2:30 p.m.: Fed Chair Janet Yellen press conference

Thursday

Bank of England monetary policy announcement and minutes
Earnings: Tencent, Michaels Cos., Intl. Game Technology, Lands’ End, Adobe Systems
8:30 a.m.: Jobless claims
8:30 a.m.: Philly Fed business outlook survey
8:30 a.m.: Current account
10 a.m.: JOLTS
10 a.m.: Leading indicators
10:30 a.m.: Natural gas inventories
4:30 p.m.: Fed balance sheet/Money supply

Share

Stocks Slightly Higher After Data

U.S. stocks traded mostly higher Friday, on pace to end the week with solid gains, as oil prices rose amid some data reports.

Personal income in January rose 0.5 percent, while personal spending rose 0.5 percent. The core PCE, which excludes food and energy, rose 0.3 percent.

The core PCE price index, the Fed’s preferred inflation measure, increased 1.7 percent in the 12 months through January, the largest rise since July 2014, after rising 1.5 percent in December.

Stocks pared gains following the report and the Dow Jones industrial average briefly fell into negative territory. Oil also came off session highs.

As of this morning, the major U.S. averages were on pace to end the week with gains of more than 2 percent.

The S&P 500 closed above the key 1,950 resistance level Thursday as stocks rallied into the close. Both the S&P 500 and Dow Jones industrial average were within 10 percent of their 52-week intraday highs, out of correction territory.

Coming Up:

G-20 meets in Shanghai
10 a.m. Consumer sentiment, personal income, consumer spending
Earnings: J.C. Penney, Foot Locker, Sotheby’s, Sempra Energy, AmericanTower, Centerpoint, Liberty Media, Telefonica, Rowan Cos

Saturday:
Earnings: Berkshire Hathaway

Share

Stock Futures Higher After Janet Yellen Remarks

U.S. stock index futures pointed to a sharply higher open on Wednesday after a very volatile week so far, as investors digested the written testimony from Federal Reserve Chair Janet Yellen.

In her prepared remarks, Yellen said that, if the economy were to disappoint, a lower path of Fed funds rates would be appropriate. She also said that near-term inflation remains low due to falling energy prices, but that the FOMC expects inflation to reach 2 percent in the medium term.

Dow futures held about 110 points higher after the testimony’s release, after briefly gaining 150 points. Yellen is scheduled to testify in front of Congress Wednesday and Thursday.

Coming Up This Week:

Wednesday
MBA Mortgage Applications
EIA Petroleum Status Report

Thursday
Jobless Claims
Bloomberg Consumer Comfort Index
Janet Yellen Speaks

Friday
Retail Sales
Consumer Sentiment
Baker-Hughes Rig Count

Share