Contents
- Indices [1]
- Commodities [2]
- Economy [3]
- Upcoming Economic Reports: [4]
- Earnings Calendar: [5]
Indices
DJIA: 20,597.40 (-1.52%)
NASDAQ: 5,828.74 (-1.22%)
S&P 500: 2,344.08 (-1.44%)
Commodities
Gold: 1,247.40 (+1.40%)
Copper: 264.00 (-1.91%)
Crude Oil: 48.04 (-1.52%)
Economy
Tight inventory contributed to a 3.7% M/M drop in existing home sales in February after January’s 10-year record high. Compared to February 2016, sales were up by 5.4% Y/Y, and prices were up 7.7%, but inventory had declined by 6.4%. Sales of single family homes dropped by 3.0% M/M, but were up 5.8% Y/Y, and sales of condos dropped sharply 9.2% M/M, with a minor 1.7% Y/Y gain.
New home sales, which constitute about 10% of the home sales market, were at a nine year high in 2016, and the first two months on 2017 continued that trend. February sales were up 6.1% M/M, and 12.8% Y/Y, with prices down 3.9% M/M and 4.9% Y/Y. New home supplies were up by 1.5%, but increasing demand brought supply down from 5.6 months to 5.4 months.
Orders for new non-defense aircraft drove February’s 1.7% increase in durable goods orders, and January’s orders were substantially revised upwards from 1.8% to 2.3%. However, core capital goods orders, which exclude aircraft and defense orders and are a better index for business investment plans, decreased by 0.1% in February, with January’s rate revised upwards from -0.4% to 0.1%. Compared to the same period in 2016, the year to date increase in durable goods orders is up 1.6%, and core capital goods orders are up 1.3%.
Upcoming Economic Reports:
Thursday March 30 — GDP
Friday March 31 — Personal Income and Outlays
Earnings Calendar:
| Monday | Tuesday | Wednesday | Thursday | Friday |
|---|---|---|---|---|
| Grifols (GRFS) [6] | IHS Markit (INFO) [7] | BMW (BAMXF) [8] | Hennes & Mauritz (HNNMY) [9] | Blackberry (BBRY) [10] |
| Red Hat (RHT) [11] | Darden Restaurants (DRI) [12] | Paychex (PAYX) [13] | Dell Technologies (DVMT) [14] | Medical Transcription (MTBC) [15] |