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Market Wrap For November 4: Economy Is Steady, Tapering Could Be Around The Corner
Wednesday, December 4, 2013 - 6:16pm | 2104Stock futures declined before the equity markets opened after the ADP employment report showed a higher than expected 215,000 jobs were added during the month of November. Investors and traders were spooked by the report that solidifies the Fed's case to begin tapering. Traders and investors...
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Benzinga Market Primer: Monday, August 5: Futures Flat On Relaxed China Fears, Emerging Market Rebound
Monday, August 5, 2013 - 6:30am | 1023Futures Flat On Relaxed China Fears, Emerging Market Rebound U.S. equity futures were flat in early pre-market trade as services data out of China showed that the economy continued to chug along at low levels in July. Also, easing fears over imminent Federal Reserve tapering led to rebounds in...
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ISM Non-Manufacturing Index Slumps in June But Employment Gains Accelerate
Wednesday, July 3, 2013 - 11:26am | 492The ISM Non-Manufacturing Index, the broad index of services activity in the United States, slipped in June to 52.2 from 53.7 in May. Economists surveyed by Reuters had forecast a reading of 53.7. Output Drops The broad measure of the health of the services economy across the U.S. dropped in June...
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Weekly Preview: Economics, Employment Report, Fed to Drive Markets In Shortened Week
Friday, June 28, 2013 - 4:07pm | 1138In the upcoming week, markets will eye key economic data points in the shortened week due to the Fourth of July holiday. To note, markets will be closed on Thursday and Wednesday is a shortened trading day for equities. Key Earnings The only notable company to report earnings next week is...
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The Little Guy is Getting Screwed... But Nothing is Different
Thursday, June 13, 2013 - 11:19am | 644News coverage over the past day has focused on a CNBC report that Reuters and the University of Michigan were gaming investors by selling their Consumer Confidence Survey early to premium and super premium customers. Is this really news? Is this really a crisis? Is this different to the way it...
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Benzinga Market Primer: Wednesday, June 5: Services PMI Day
Wednesday, June 5, 2013 - 6:31am | 1285Futures Slightly Lower on Global Economic Data U.S. equity futures traded slightly lower in early Wednesday trade after stocks broke the 20-Tuesday winning streak yesterday. Markets eye key economic reports from around the world heading into trading Wednesday as global service PMIs are due out...
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Benzinga Market Primer: Friday, May 3: Non-Farm Payrolls Edition
Friday, May 3, 2013 - 6:24am | 1140Futures Lower Ahead of Non-Farm Payrolls, Lower EU Outlook U.S. equity futures traded lower in early pre-market trade ahead of the Non-Farm Payrolls report for April and following the EU Commission cutting its growth forecasts. Looking at Non-Farm Payrolls, economists surveyed by Bloomberg are...
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Weekly Preview: Non-Farm Payrolls, Global Central Banks in Focus
Friday, March 29, 2013 - 2:44pm | 937Next week, investors eyes will be on the economy as well as some key company earnings as markets attempt to continue to make new highs. In the past week, the S&P 500 Index breached its previous closing high of 1,565.40. Investors now look to economic indicators as to the next move for markets...
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Benzinga Market Primer: Tuesday, February 5
Tuesday, February 5, 2013 - 7:37am | 931Futures Rise After Monday Losses U.S. equity futures rose in pre-market trading after U.S. and global markets suffered losses Monday on the back of renewed sovereign stresses in the eurozone. However, the repricing of the sovereign and geopolitical risk halted Tuesday and shares rose. Top News In...
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Benzinga Market Primer, Thursday October 4
Thursday, October 4, 2012 - 6:05am | 808U.S. equity futures rose in early Thursday trading as Presidential Candidate Mitt Romney impressed markets at the first debate, sending futures higher. Also, strong auctions in Spain and France showed that Spain may not yet be frozen out of credit markets. Top News In other news around the markets...
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ISM Non-Manufacturing Index Beats Expectations, Internals Mixed
Friday, August 3, 2012 - 10:38am | 378The Institute for Supply Management's July Non-Manufacutring Index reading was better-than-expected, reaching 52.6 versus a 52 estimate from surveyed economists. New orders, considered a leading indicator for future reports, rose in July. However, a rise in inventories signaled that growth may...