SamTrader1
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On the economic front, consumer sentiment index rose to its best level since January 2008.
Earlier in the day, the market brushed off a weaker than expected report on the nation’s Gross Domestic Product. The economy grew at a 2.8 percent pace in the fourth quarter, down from an initial estimate of an annualized rate of 3.2 percent.
THE WEEK AHEAD
MONDAY: Personal income and spending, Chicago purchasing managers index, pending home sales, Dallas Fed survey, farm prices; Boston Fed president Rosengren speaks.
TUESDAY: Auto sales, ISM manufacturing index, construction spending; Fannie/Freddie reform hearing before House financial services committee; and Bernanke’s semi-annual report on monetary policy to Congress.
WEDNESDAY: Mortgage applications, Challenger job-cut report, ADP employment report, oil inventories, Federal Reserve’s Beige Book; Atlanta Fed President Lockhart speaks; earnings before-the-bell from BJ’s, Costco and Staples.
THURSDAY: Chain store sales, ECB announcement, Monster employment index, jobless claims, productivity and costs, ISM non-manufacturing index, natural gas inventories, money supply; Minneapolis Fed President Kocherlakota speaks, Atlanta Fed President Lockhart speaks; earnings before-the-bell from Heinz, Kroger; earnings-after-the-bell from Novell.
FRIDAY: Non-farm payrolls report, factory orders; Federal Budget Deadline.
Earlier in the day, the market brushed off a weaker than expected report on the nation’s Gross Domestic Product. The economy grew at a 2.8 percent pace in the fourth quarter, down from an initial estimate of an annualized rate of 3.2 percent.
THE WEEK AHEAD
MONDAY: Personal income and spending, Chicago purchasing managers index, pending home sales, Dallas Fed survey, farm prices; Boston Fed president Rosengren speaks.
TUESDAY: Auto sales, ISM manufacturing index, construction spending; Fannie/Freddie reform hearing before House financial services committee; and Bernanke’s semi-annual report on monetary policy to Congress.
WEDNESDAY: Mortgage applications, Challenger job-cut report, ADP employment report, oil inventories, Federal Reserve’s Beige Book; Atlanta Fed President Lockhart speaks; earnings before-the-bell from BJ’s, Costco and Staples.
THURSDAY: Chain store sales, ECB announcement, Monster employment index, jobless claims, productivity and costs, ISM non-manufacturing index, natural gas inventories, money supply; Minneapolis Fed President Kocherlakota speaks, Atlanta Fed President Lockhart speaks; earnings before-the-bell from Heinz, Kroger; earnings-after-the-bell from Novell.
FRIDAY: Non-farm payrolls report, factory orders; Federal Budget Deadline.
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