From The Trading Floor: Stocks are trading in the green this morning after the World Bank raised its global growth forecast and manufacturing in the New York region expanded more than estimate during January
Mortgage Applications for the week ending January 10th rose to a one month high, climbing 11.0% as purchases and refinancing accelerated
Empire Manufacturing rose by 12.51 for January
Wholesale prices in the U.S. climbed in December (0.4%) for the 1st time in 3 months to cap the smallest annual increase in 5 years.
US stock indices finished mixed and relatively flat on Friday as the markets weighed recent economic data and ongoing speculation over Fed stimulus policy ahead of next week's FOMC meeting. Materials and Industrials led stocks higher on the S&P 500, while Energy and Telecom topped declines. Oil is Lower, Gold is higher, and although currently flat.. the U.S. dollar rallied mid-session to touch a five-year high against the yen.
From The Trading Floor: Equities in recovery mode this morning, on a better than expected Jobless Claims number, ending the longest losing streak in 8 weeks
Applications for unemployment benefits in the U.S. declined to the lowest level in almost 2 months. Jobless Claims in the week ending November 16th dropped by 21,000 to 344,000.
From The Trading Floor: Despite consumer confidence plunging to a 6 month low, stocks are trading up, boosted by a new round of positive earnings and the secure feeling the Fed would maintain their bond purchases
Retail sales in the U.S. outside of auto dealers climbed by 0.4% in September, indicating households were sustaining the economic expansion before the government shutdown
Wholesale prices in the U.S. unexpectedly dropped in September as food costs retreated.
From The Trading Floor; Equities ticked higher at the open and are poised to close the second best week of the year as investors digested the latest economic data in the form of retail sales and producer price index and ahead of a Federal Reserve meeting next week.
Retail sales in the U.S. rose less than forecast in August (0.2%) as the biggest part of the economy failed to gain momentum
Wholesale prices in the U.S. rose more than forecast in August (0.3%0 reflecting higher costs for food and fuel.
U.S. equities slid with the Dow losing 113 points as another round earnings and ongoing concerns surrounding the Fed's tapering plans following U.S. PPI weighed on sentiment. Consumer Discretionary led stocks lower after Macy’s reported disappointing results, while Technology was the only major sector in the black. Commodities rallied with Gold, Crude Oil and Nat Gas posting gains. Of note, today Brent Crude Oil prices hit a 4-month high.