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Empire State Manufacturing Signals Struggling Industrial Sector
Friday, June 15, 2012 - 10:47am | 232The Empire State Manufacturing Index is a monthly survey of manufacturers in the New York region. Firms report on how business conditions have changed in various areas, including production, new orders, employment, prices and company outlook. The Index is a regional survey, but it is highly...
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Economic Data Ugly, Futures Weaken Gains
Thursday, September 15, 2011 - 8:37am | 140There was a slew of economic data just released, and most of it was uglier than expected, cutting the gains in the pre-market futures. Initial claims for the week ending September 10 came in at 428,000, versus estimates of 411,000. Last week was revised to 417,000. Continuing claims came in at 3...
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Empire Manufacturing Misses Badly
Monday, August 15, 2011 - 8:34am | 48The August Empire Manufacturing report was just released, and it missed expectations badly. It came in at -7.72, versus estimates of 0.0%. Futures are still higher after the report, despite the miss. Dow futures are up 47 points, NASDAQ futures are up 6 points and S&P 500 futures are up 6....
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Futures Plunging On Awful Economic Reports
Wednesday, June 15, 2011 - 8:35am | 111Equity futures are plunging lower after higher inflation and a weak Empire Manufacturing number were just released, sending stocks sharply lower. May consumer price index (CPI) came in at 0.2%, versus the estimate of 0.1%. Year over year, the CPI rose 3.6%, versus estimates of 3.4%. Excluding...
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Previewing Tomorrow's Big Economic Reports
Tuesday, June 14, 2011 - 3:44pm | 197Tomorrow, June 15, is a big day in terms of economic reports and the markets will be watching and waiting with every breath as the economy appears to be weakening. At 7:00 a.m., the MBA mortgage index is going to be released for the week ending June 10. At 8:30 a.m., May CPI will be released. It...
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Previewing Tomorrow's Economic Reports
Monday, March 14, 2011 - 3:33pm | 160There were no economic reports released today, but tomorrow is expected to pick up the slack, with Empire Manufacturing and the FOMC rate decision to receive the most attention. At 8:30, Empire Manufacturing is expected to be released for March. Economists expect a reading of 17.0, up from...
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Empire Manufacturing In Line
Tuesday, February 15, 2011 - 9:30am | 31February Empire Manufacturing was just released and it came in than expected. Economists were looking for a reading of 15.5, and it came in at 15.43 . January Empire Manufacturing was revised to from 11.92.
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Economic Numbers Due Out Later
Wednesday, December 15, 2010 - 9:21am | 139There is a slew of economic numbers due out today before the bell and right into the start of trading. The numbers are led by CPI and industrial production. At 8:30, the November CPI is expected to show a rise of 0.2%. Core CPI is expected to show a rise of 0.1%. Empire Manufacturing for November...
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Concerns over the Sustainability of the Recovery Grow
Saturday, May 22, 2010 - 8:38am | 703Despite all of the progress we have made over the past 18 months, renewed concerns over the sustainability of the tepid economic recovery are rising. Concerns about Greece and then Portugal, followed by Germany's ban on naked short-selling and euro concerns, have pushed the stock market down in...