Market Analysis

February 24th, 2011 9:02 AM
Bonds lost their morning gains yesterday afternoon but have opened positive again this morning despite  Initial Jobless Claims for the week ended 2/19/11 which came in below 400,000 at the 391,000 level vs expectations for a 410,000 figure.  Continuing Claims for the week ended 2/12/11 also came in much better than expected at 3.790 million vs expectations for a 3.900 million figure.  The headline January Durable Goods Orders report came in up 2.7% which matched expectations. However, stripping out the more volatile transportation component, orders were down 3.6% vs expectations for a .4% to .6% increase.  The Dow is down very slightly and the Nasdaq is up.  Oil rose to over $100 a barrel in afternoon trading yesterday.  This is the first time Oil has move over $100/barrel since October 2008. 

Posted by Matthew Breston on February 24th, 2011 9:02 AMPost a Comment (0)

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