A Brief Look Back
The following are economic news or events that moved the markets last week. The numbers refer to the close-to-close move in the Dow industrials.
Monday: Up 35 points. Powered by easing fears of a Dubai default and good news from the Chicago purchasing managers index. Tuesday: Up 127 points. Construction spending was higher than expected. Wednesday: Down 19 points. The reading on crude inventories doubled. Thursday: Down 87. Initial jobless claims were fewer than expected but productivity fell. Friday: Up 23 points. A better than expected employment report sent the markets bouncing. Factory orders took a big jump.
The following information is derived from yahoo!finance and times are local to the east coast. The Dow Moved column is the close-to-close price change of the Dow industrials on the release day from the prior trading day, the last time the report came out.
|Consumer credit||2:00 M||D-||+17||Measures auto, credit card and other debt.|
|Wholesale inventories||10:00 W||D-||+17||Wholesale sales and inventory statistics.|
|Crude inventories||10:30 W||?||-19||My guess: Measures oil inventory.|
|Initial jobless claims||8:30 Th||C+||-87||Counts people filing for state unemployment benefits.|
|Trade balance||8:30 Th||C+||-14||Signals balance of exports & imports.|
|Treasury budget||2:00 Th||D||-94||Tracks budget deficit. Important in April (tax filing).|
|International trade||8:30 F||C+||+73||Import/export prices, trade balance. US economy vs others.|
|Retail sales||8:30 F||A-||+136||Reports total retail sales (not services). Are people spending?|
|Business inventories||10:00 F||C-||+136||Reports manufacturing, wholesale, retail inventories.|