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business newsTrading Radar: Can't Keep the Market Down
Rain or shine, we reivew the day's biggest stock stories.
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Next week will be the first week of September; however most trading desks will be light as it's the last week of summer. That being said, the traders that decided to come to work next week will be waiting for the all important jobs number.
Analysts expected unemployment rate to go to 9.5% while nonfarm payrolls are currently being estimated at -225k.
Monday, August 31
Economics
09:45 Chicago PMI 47.2 cons.
Earnings
Before:
After: SINA
Events
Auctions: 3 and 6 month auction at 1PM EST
Tuesday, September 1
Economics
10:00 Construction Spending -0.2% cons.
10:00 ISM Index 50.2 cons.
Earnings
Before: CRMT, TUTR
After: ADCT, APSG, DCI, SEAC, TTWO, PAY
Events
Auctions: 4 week auction 1:00 PM
Wednesday, September 2
Economics
08:30 ADP Employment Change -246k cons.
08:30 Productivity 6.1% cons.
10:00 Factory Orders 1.5% cons.
10:30 Crude Inventories
02:00 FOMC Minutes
Earnings
Before: BRLI, BTH, BF.B, JOYG, SYNO, ZLC
After: ABM, PSS, GEF, MATK, OXM, SAI
Events
Thursday, September 3
Economics
08:30 Initial Jobless Claims 570k cons.
10:00 ISM Services 48.0 cons.
Earnings
Before: AHII, CIEN, DLM, JTX, LAYN, MEI, MOV, TK, UTIW
After: ARST, COO, ESL, GIII, ZQK, SNDA, TSCM, ULTA
Events
Friday, September 4
Economics
08:30 Average Workweek 33.1 cons.
08:30 Hourly Earnings 0.1% cons.
08:30 Nonfarm Payrolls -225k cons.
08:30 Unemployment Rate 9.5% cons.
Earnings
Before: HRB
After:
Events
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