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Courtney Raio
28 Dec, 2011 | 05:39 PM
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Markets closed lower today as investors look ahead to a trading session with several tradable data points tomorrow. The Dow closed down 139 points despite Italy holding a successful debt auction because tomorrow’s auction of three and ten-year notes remains in focus as well as jobless claims, Chicago PMI and pending home sales, which are also expected tomorrow morning. ...
Courtney Raio
27 Dec, 2011 | 05:37 PM
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Courtney Raio
23 Dec, 2011 | 05:28 PM
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Markets closed up in a quiet pre-holiday session, leaving the S&P positive on the year, with no new news from Europe and an anemic reaction to disappointing capital goods results. The Senate and the House of Representatives passed a $33 billion measure to keep the payroll tax rate at 4.2% through February. It had been slated to increase on Jan. 1 to 6.2%. The temporary fix lets lawmakers end the weeks long standoff that in the end produced only another inconclusive truce in a fiscal policy debate set to rage straight through the 2012 election season and beyond. ...
Parasnand Madho
23 Dec, 2011 | 09:01 AM
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Ahead of the Bell: Dow futures are trading up 54 points and S&P futures are trading up 6.90 points and don’t look now, but we may be getting a last second “Santa Claus” rally, as the markets look poised to close higher for the fourth consecutive day. The Dow closed higher yesterday on the back of good US economic data, and are indicating higher this morning ahead of economic data and after comments that suggest a possible European QE package. ...
Courtney Raio
22 Dec, 2011 | 06:12 PM
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Special Delivery Q3 GDP was +1.8% (+2.0% expected) vs. +2.0% for the prior quarter ...
Courtney Raio
21 Dec, 2011 | 06:10 PM
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After hitting an intraday low of -104 the DJIA closed higher along with the S&P 500 on little macro news aside from support for the Eurozone debt crisis. The   Nasdaq closed down largely on Oracle’s disappointing earnings. The European Central Bank offered 489.2 billion Euros ($643.8 billion) in an auction of three-year loans, much higher than the estimated 310 billion Euros, with a total of 523 bidders – one thing that is unclear is whether the record amount of borrowing will end up in the real economy spurring job growth and consumer demand. ...