Daily Delphi

Post: Monday - Slow start to a long week. | Daily Delphi

BlogsPit Talk › Monday - Slow start to a long week. March 31, 2014, 6:50 am

CALENDAR
8:45 AM CT
Chicago PMI for March
Prior 59.8 Forecast 60.1

FRIDAY RECAP
The equity indices started Friday on a strong note with the Nasdaq leading the way before giving back much of the early gains and settling modestly higher across the board. The Nasdaq ended up +4.53 at 4155.76, the Dow ended +58.83 at 16323.06 and the S&P closed up +8.58 at 1857.62. Also of note Friday, personal income came in better than expected at 0.3% and the University of Michigan Consumer Sentiment Index was revised to 80.0 from 79.9 in the final March reading. All in all a rather cautious close to a cautious week as world events continued to shape up.

TODAY'S ACTION
Asian markets ended the session mixed and the European markets are generally firmer in mornng trade. There isn't much economic data on the docket today. The Chicago purchasing managers' report is expected to come in at 60.1 this morning. Fed Chairwoman Yellen will be speaking at a conference in Chicago today at 8:55 AM CT. Today is also the last trade day of the quarter and as always investors are anxious to see Friday's payroll report. Trade strong.


Share on StockTwits
comments powered by Disqus