Blog
Retail Sales Higher than Forecasts, PPI Doubles the Consensus
Building on a half-percentage point gain in May, retail sales jumped 0.6% in June, boosted by a 5% surge in gasoline prices and a 2.3% gain in sales of motor vehicles & parts. The gain was one-tenth higher than forecasts. Since this time last year, however, sales have fallen 9%. rn
Gains in Retail Sales to Reflect Gas Prices. Goldman Sachs Posts Earnings
The 2.5% gain in the markets on Monday was the biggest gain in six weeks, virtually wiping away losses from the previous five days combined. This morning, ahead of two major macroeconomic releases at 8:30, stock futures look poised to hold on to those gains with Dow futures up 11 points to 8270 and S&P 500 futures up 1 point to 896.6.
Mid-Day Recap: Financial Stocks Lead Equity Market Higher
The Nasdaq dropped an entire percentage point in early trading but 90 minutes into the session all three major indexes have rebounded into positive territory, giving hope that four weeks of market declines could come to an end. Investors are cautiously optimistic this morning on a slow ahead of a busy week, which includes many macroeconomic data releases, plus Q2 earnings reports from Goldman Sachs, Bank of America, JPMorgan Chase, and Citigroup.rn
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...