Daily Delphi

Post: Monday- As goes January, so goes the year? | Daily Delphi

BlogsPit Talk › Monday- As goes January, so goes the year? February 3, 2014, 6:50 am

TODAY'S ACTION
9:00 AM CT
ISM INDEX for Jan
Prior 56.5 Forecast 56.0
Construction Spending for Dec
Prior 1.0% Forecast -1.0%
1:00 PM CT
Auto for Jan
Prior 5.3M
Truck for Jan
Prior 6.6M


FRIDAY RECAP
Equities ended a disappointing month with a disappointing day. The S&P extended its decline by -4.60 settling at 1776.60. The markets were way under water early in the session but managed to rebound throughout the day. The Nasdaq lost -19.25 to close at 4103.88 and the Dow gave up an unhealthy -149.76 to close at 15,698.85. Year to date the markets are off to a very poor start. But what did you expect after last year's end of the year run-up? YTD: S&P -3.6%, Nasdaq -1.7%, DJIA -5.3%.


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