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Friday, March 8, 8:45 AMSPY adds to gains following the better-than-expected NFP print, now +0.5%. The dollar pops, now +1.6% vs. the yen, +0.7% vs. the euro. UUP +0.6%. The long bond tumbles, falling a full point since the report's release. TLT -1.3%, TBT +2.9%. Homebuilders ETF: XHB +0.7%.
Comment![On the Move]
Wednesday, April 25, 2012, 2:12 PM
Stocks stumble just a little following changes to the FOMC's economic forecast which show an upgraded view of the economy and inflation's speed - not the sort of estimates put together by a group fixing to launch additional policy easing. DJIA +0.3%, S&P 500 +1%.
3 Comments[U.S. Economy, On the Move]
Friday, March 23, 2012, 10:14 AM
Stocks add to losses following disappointing new home sales (January revised lower as well). Builders certainly can't blame the weather or mortgage rates. Scott Barber points out NAHB optimism isn't yet being confirmed by better data on sales. S&P 500 -0.4%, Nasdaq -0.6%.
4 Comments[On the Move, U.S. Economy]