Good morning. The recent wild ride on Wall Street continued yesterday as the Dow’s swing of 181 points intraday definitely kept everyone on their toes. And while the focus in the market had been all about the earnings reports and whether or not Corporate America could deliver some top-line growth, it now appears that the focus has shifted to the charts of the dollar and the banks.
Stocks enjoyed a nice pop out of the gate yesterday on the back of more good economic news out of China, where the PMI grew at the fastest rate in eight years. The bulls then wasted little time in celebrating some good news here at home as the reports from the ISM Manufacturing Index as well as Pending Home Sales and Construction Spending all came in well above expectations. And with the better economic news came some selling in the dollar. Thus, before ...
Stocks are being driven up from Friday's losses after better-than-expected key economic reports on manufacturing and housing. At noon, the Dow is up 100 points after falling 250 on Friday.
The ISM Manufacturing report showed a manufacturing index of 55.7, ahead of economist's predictions of 53. This is the fastest rate of ...
WASHINGTON, DC -- (MARKET WIRE) -- 11/02/09 -- Pending home sales rose again, marking eight consecutive monthly gains -- the longest streak since measurement began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in August, and is 21.2 percent higher than September 2008 when it stood at 90.9. The gain from a year ago is the largest annual increase on record, and the index is at the highest level since December 2006 when it was 112.8. Lawrence Yun, NAR chief economist, said the momentum is understandable. "What we're witnessing is a rush of first-time buyers trying to beat the expiration of the tax credit at the end of this month," he said. "Home values will stabilize sooner rather ...
Signed Home Sales in Excess of $320 Million Year-to-Date Strong Liquidity Position Moderating Trend in Nonperforming Assets LYNNWOOD, Wash.--(BUSINESS WIRE)-- City Bank (NASDAQ: CTBK) today announced a net loss of $35.56 million for the quarter ended September 30, 2009, or $2.26 per diluted share, compared to a reported net loss of $10.96 million, or $.69 per diluted share, for the same ...
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Big Rebound in Existing-Home Sales Shows First-Time Buyer Momentum
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Radar Logic Report Shows Home Prices and Home Sales Continued to Rise in August
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FOMC Minutes September 22-23
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David Moenning's Daily State of the Markets: Twice Is A Tradition
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Pending Home Sales for Aug. Rose 6.4%, vs. Consensus of 1%
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Record Streak Continues for Pending Home Sales
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Trading Radar for 10/1: Constellation Brands (STZ), Accenture (ACN), Global Payment (GPN) Report; Personal Income/Spending, Jobless Claims, Pending Home Sales, Auto/Truck Sales Due
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Existing-Home Sales Ease Following Four Monthly Gains
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Homebuyers Will Find Bargains at Auction of 130 Foreclosed Homes In DC, Maryland, Virginia and West Virginia
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FOMC Minutes August 11-12, 2009
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Stocks Down Hard, Led By Financials
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Pending Home Sales for July: 3.2%, vs. Consensus 1.5%
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David Moenning's Daily State of the Markets: The China Syndrome
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David Moenning's Daily State of the Markets: Will Shoppers Step Up?
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David Moenning's Daily State of the Markets: Next Stop 10,000?
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Trading Radar for 8/4: Kraft (KFT), ADM (ADM), CVS (CVS), DR Horton (DHI), Yamana (AUY), Toyota (TM), IntercontinentalExchange (ICE), Boston Beer (SAM), Whole Foods Market (WFMI), TRW (TRW) Report
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US May Pending Home Sales Rise 0.1%, Inline with Expectations
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Trading Radar for 7/1: General Mills (GIS), Constellation Brands (STZ), Lindsay (LNN), DemandTec (DMAN) Report; ADP Employment, Auto/Truck Sales, Pending Home Sales Due
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May Existing Homes Sales See Monthly Uptick But Down From Last Year, Realtors Warn About Appraisals
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April Pending Home Sales Data Is Another 'Green Shoot' For Housing Recovery
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U.S. April Pending Home Sales Up 6.7%, vs. Consensus of Up 0.5%
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David Moenning's Daily State of the Markets: 6/2
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Trading Radar for 6/2: VeriFone (PAY), Hovnanian (HOV), Layne Christensen (LAYN), Bob Evans (BOBE), Blue Coat (BCSI), Aries Maritime (RAMS), United Natural Foods (UNFI) Report; Pending Home Sales, Aut
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S&P 500 Moves Positive On the Year, Up 36% From March Lows
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Pending Home Sales Jump Higher, Boosting Stocks
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Pending Home Sales Up 3.2%, Versus the Consensus of 0.0%.
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Trading Radar for 5/4: Sprint (S), Chesapeake Energy (CHK), Tyson (TSN), Barnes Group (B), Hologic (HOLX) Report; Construction Spending, Pending Home Sales Due
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Stocks Have Strong Start to the Second Quarter
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Pending Home Sales Up 2.1%, Versus The Consensus of 0.0%
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Trading Radar for 4/1: Worthington (WOR), UniFirst (UNF) Report; ADP Report, Pending Home Sales, Auto/Truck Sales, Crude Inventories Due
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Pending Home Sales Down 7.7%, Versus The Consensus of Down 3.5%
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Trading Radar for 3/3: AutoZone (AZO), VeriFone (PAY), Trina Solar (TSL), MBIA (MBI), Chico's FAS (CHS) Report; Pending Home Sales, Auto/Truck Sales Due
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David Moenning's Daily State of the Markets: 2/4
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David Moenning's Daily State of the Markets: 2/3
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Pending Home Sales Up 6.3% in December
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Trading Radar for 2/3: Merck (MRK), UPS (UPS), Motorola (MOT), Disney (DIS), Dow (DOW), Schering-Plough (SGP), BP (BP), Yum! (YUM) Report; Auto/Truck Sales Due
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FOMC Minutes Dec 15-16, 2008
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Pending Home Sales Down 4%, Versus The Consensus of -1%
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Pending Home Sales Down 0.7%, Versus The Consensus of -3%
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David Moenning's Daily State of the Markets: 12/09
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Trading Radar for 12/09: Kroger (KR), Pep Boys (PBY), ADC (ADCT), Vail Resorts (MTN), G-III (GIII) Report; Pending Home Sales for Oct. Due
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Pending Home Sales Down 4.6%, Versus The Consensus of Down 3.4%
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Trading Radar for 11/07: GM (GM), Ford (F), Calpine (CPN) Report; Nonfarm Payrolls, Unemployment Rate for Oct., Pending Home Sales for Sept. Due
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Pending Home Sales Up 7.4%, Versus the Consensus of a 1.3% Drop
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Trading Radar for 10/08: Costco (COST), Monsanto (MON), Ruby Tuesday (RT), Lindsay Corp. (LNN) Report; Pending Home Sales, Crude Inventories Due
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Top 10 News Items 9/8-9/12: Lehman Concerns Hit a Crescendo; WaMu, AIG, Merrill Worries Grow; GM Rises 20%
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David Moenning's Daily State of the Markets: 9/10
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Pending Home Sales Come in Down 3.2% versus the consensus of 1.5% drop
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Trading Radar for 9/9: VeriFone (PAY), Pep Boys (PBY), Oxford Industries (OXM) Report; Pending Home Sales, Wholesale Inventories for July Due
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Trading Radar for 8/7: Sirius (SIRI), Blockbuster (BBI), MF Global (MF), Crocs (CROX) Report; Initial Jobless Claims, Pending Home Sales for June Due
