Stocks End Lower After GDP Data - Yahoo Finance
Markets in Germany, the United Kingdom and Sweden hit all-time highs. Japan, the poster child of deflation, saw its stock index reach its highest point in 15 years. Even Greece -- Greece! -- saw its stock market tick up.
NAR said its pending home sales index climbed 1.7 percent to 104.2 in January after falling 1.5 percent to an upwardly revised 102.5 in December. With the increase, the index reached its highest level since August of 2013. A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.
Stocks Mostly Lower After GDP Data - Yahoo Finance
The large decline brings the index to its lowest point since 2009. At market close the Dow and Nasdaq were each down 0.5% while the S&P 500 was down 0.3%. Fiscal 2014 earnings per share grew 10% constant currency on 3% constant currency sales growth (with flat comparable sales). Guidance for 2015 earnings per share of $2.75-$2.80 implies earnings will be down about 3.5% at the midpoint.
Stocks in holding pattern near highs - Yahoo Finance
The decline as driven by changes to business inventory levels and trade data. Consumer sentiment fell in February from January levels according to the University of Michigan survey. The reading of 95.4 was down from 98.1 in the previous month, but up from a preliminary February reading of 93.6. One-year inflation expectations rose slightly to 2.8% from 2.5%. The Chicago PMI, which measures the strength of the Midwest manufacturing sector, fell to 45.8 in February from 59.4 in January.
Stocks Move Slightly Lower Following Slew Of Economic Data - U.S. Commentary - NASDAQ.com
While next week brings several important catalysts, it's not clear how they will affect sentiment: The Institute for Supply Management's manufacturing index is due Monday, ADP's private-sector payrolls report comes Wednesday, the European Central Bank meets Thursday, and U.S. non-farm payrolls will be released Friday. The Nasdaq 100, the only major stock index that remains below all-time highs, has emerged as the strongest in the last month. Investors have also favored solar-energy stocks, oil refineries, gun makers, Japanese banks, and providers of bulk materials like gravel and cement. Utilities, real-estate investment trusts, and precious metals have fared the worst as the market prepares for the Federal Reserve to hike interest rates later this year.