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TODAY'S MARKET SUMMARY

Market Summary

Moving the Market

Sector Watch

        -02/23-

  • 10 year note 2.88
  • Dow finishes up over 300 points as stocks end week with gains.
Strong: Weak:

Energy
Real Estate
Utilities
Information Tech
Health Care

None


 


 


MARKET WEEKLY

WEEK 08  02/19 - 02/23

  • Dow Industrials: 25,309.99 +90.81
  • S&P 500: 2,747.30  +15.08
  • NASDAQ Composite: 7,337.39 +97.92
  • NYSE AMEX Composite: 2,504.58 -27.44
  • NYSE Composite: 12,884.06  +9.69
  • 10-year Treasury: 2.88% +0.01
     

 





Select Economic Indicators
Stock Market Valuation Impact

Week:  02/12 - 02/23

  • Consumer Prices +0.5%
    Positive (Stronger than forecast for January, with core up +2.3%, with year-over-year +2.2% still at target level.)
  • Retail Sales -0.3%
    Negative (January sales well below consensus pulling down expectations for post-holiday consumer spending follow-through.)
  • Philadelphia Fed Business Outlook +3.6 to 25.8
    Positive (This February data beat the high end of forecasts, with a surge in new orders.)
  • Producer Prices +0.4%
    Positive (The January price increase show visible but limited price increases with core prices also increasing +0.4%.)
  • Empire State Manufacturing Survey -4.6 to 13.1
    Positive (Even though this February reading came in well below consensus, it still is at a strong level.)
  • Industrial Production -0.1%
    Negative (Below consensus for January showing some weaker than desired strength in manufacturing.)
  • Housing Starts +117K to 1.326M
    Positive (January's strong gain came in above consensus.)
  • Import/Export Prices +1.0/+0.8%
    Neutral (The January gains will were greater than expected supporting the case for higher interest rates going forward.)
  • Consumer Sentiment +4.2 to 99.9
    Positive (This February measure remains strong beating consensus expectations.)
  • PMI Composite Index +2.1 to 55.9
    Positive (Services and manufacturing show good strength continuing during February.)
  • Existing Home Sales -180K to 5.380M in January
    Negative (January sales came in below consensus with an increase in supply and lower prices failing to stimulate more sales.)
  • FOMC Minutes
    Neutral (As expected, the Federal Reserve's January meeting minutes expressed confidence that future economic growth will continue and warrant continued gradual increases in future interest rates.)
  • Leading Indicators +1.0%
    Positive (An above consensus measure for January points to continuing strong economic growth ahead.)

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