Market News

The U.S. economy rebounded from weather-related declines in recent weeks, the Federal Reserve said on Wednesday in its latest Beige Book. Economic activity was modest or moderate in eight of the Fed's districts, with consumer spending up in most districts as well.
 
Netflix posted earnings of 86 cents a share on sales of $1.27 billion. Analysts had expected the company to report earnings excluding items of 83 cents a share on $1.27 billion in revenue, according to a consensus estimate from Thomson Reuters. In addition, the company said it expects to post current-quarter revenue of $1.14 billion, versus estimates for $1.31 billion.
 
Initial claims for state unemployment benefits rose 24,000 to a seasonally adjusted 329,000 for the week ended April 19, the Labor Department said on Thursday. Claims for the week ended April 12 were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 310,000. The increase probably reflects difficulties adjusting the data for seasonal fluctuations given a late Easter this year and the timing of school spring breaks.
 
The Commerce Department said durable goods orders increased 2.6 percent as demand rose across all categories. Durable goods range from toasters to aircraft and are meant to last three years. Orders advanced 2.1 percent in February instead of the previously reported 2.2 percent increase. Economists polled by Reuters had forecast orders rising 2.0 percent last month
 
Despite a backdrop of slowing first-quarter economic activity, the Federal Reserve voted Wednesday to continue reducing its monthly stimulus program. In a move that met market expectations, the U.S. central bank cut back its bond purchases to $45 billion a month, which is $40 billion less than the original total in a program that has swelled the Fed balance sheet to more than $4.3 trillion
 
US weekly jobless claims total 344,000 vs. 320,000 est. In a separate report, personal income was projected to have risen 0.5 percent in March, up from the prior month's read of 0.3 percent, and consumption was expected to jump to 0.6 percent from 0.3 in February.
 
US created 288,000 jobs in April vs 210,000 est. Economists expected 210,000 new jobs for April, with the unemployment rate edging lower to 6.6 percent. That compares to an initially reported 192,000 jobs in March and a headline rate of 6.7 percent
 
Regardless of the 288K jobs number and 6.3% unemployment, labor participation is still extremely low, the is no earnings growth, numbers may be snap back from winter weather... Futures bounced but we'll see how much more upside in Markets at these levels.. 4pm will be key not 930 am..,
 
Regardless of the 288K jobs number and 6.3% unemployment, labor participation is still extremely low, the is no earnings growth, numbers may be snap back from winter weather... Futures bounced but we'll see how much more upside in Markets at these levels.. 4pm will be key not 930 am..,

Yeah, the futures response to the jobs number has been uninspired.
 
Everyone needs to know this! Wait for it! THE TRUTH!!!!!!!!!!!
[video]http://www.tsptalk.com/mb/vbtube_show.php?tubeid=3678&name=thursday-may-expiration-flunk-dunk-mrtopstep-closing-print-05-15-2014[/video]
 
consumer sentiment slipped to 81.8 in May, according to the Thomson Reuters/University of Michigan's preliminary reading. The reading was down from 84.1 from the month before and was also below the expectation of 84.5 among economists polled by Reuters
 
Back
Top