Market News

[weatherweenie]

The Commerce Department said on Thursday new orders for manufactured goods declined 0.7 percent. December's orders were revised to show a 2.0 percent drop instead of the previously reported 1.5 percent fall.

Economists had forecast new orders received by factories slipping 0.4 percent.

 

[jonfresno]

Not a statistical thang, and maybe I'm making it out to be more than it is, but it seems to me the news that Staples closing a bunch of stores is bad. More indicative of business owners shopping elsewhere, or less demand?

 

[weatherweenie]

US created 175,000 jobs in Feb. vs. 149,000 est.; unemployment rate at 6.7% vs. 6.6% est.

 

[weatherweenie]

Producer prices slip 0.1% in February, versus 0.2% gain estimate

 

[weatherweenie]

Naturally, the market is up a little on the news: 'The preliminary Thomson Reuters/University of Michigan overall index of consumer sentiment fell to 79.9 in March, down from the 81.6 final reading in February. That was below analyst expectations for a reading of 82 and the lowest level for that index since November'

 

[tsptalk]

The dollar spikes on Fed decision, initially pushing stocks, bonds, and gold down.

More: http://www.bloomberg.com/news/2014-03-19/u-s-stock-index-futures-are-little-changed-before-fomc.html

Yellen's news conference on deck.

 

[bmneveu]

Just like last time, knee jerk reaction to the downside. Should be followed by a steady climb back up and into positive territory.

 

[tsptalk]

Getting ugly. I wish she [Yellen] would stop talking.

 

[bmneveu]

Just like last time, knee jerk reaction to the downside. Should be followed by a steady climb back up and into positive territory.

nevermind

 

[RealMoneyIssues]

Getting ugly. I wish she would stop talking.

Bonds are getting killed... why aren't stocks going up? too many people going to cash, which would explain the USD spike...

 

[BichonFreeze]

Bonds are getting killed... why aren't stocks going up? too many people going to cash, which would explain the USD spike...

Give the market "considerable time" to go up.

 

[Dutchy]

From our friends at Zero Hedge.com, Market in shock at Yellen FMOC appearance..

Market In Shock By Yellen's First FOMC Appearance | Zero Hedge

 

[Birchtree]

The market will likely be happy tomorrow - she didn't really say anything that wasn't already known - a knee jerk reaction is all.

 

[wavecoder]

-114, eh, i've seen worse

 

[nnuut]

Market-Ticker - The Market Ticker

 

[Birchtree]

As soon as I saw the name Denninger I knew what was coming - still a good read though. We need cracks like this to keep the bears honest.

 

[weatherweenie]

Coca-Cola posted earnings excluding items of 44 per share, down from 46 cents a share in the year-earlier period. Revenue slipped to $10.58 billion from $11.04 billion a year ago. Analysts had expected Coca-Cola to report earnings of 44 cents a share on $10.55 billion in revenue.

 

[weatherweenie]

Johnson & Johnson beats by $0.06, reports revs in-line; raises FY14 EPS guidance

 

[weatherweenie]

US March consumer inflation up 0.2% vs 0.1% estimate

 

[weatherweenie]

US housing starts total 946,000 vs. 970,000 estimate