Trading Radar: Can't Keep the Market Down
Rain or shine, we reivew the day's biggest stock stories.
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
09:45 Chicago PMI 47.2 cons.
Auctions: 3 and 6 month auction at 1PM EST
Tuesday, September 1
10:00 Construction Spending -0.2% cons.
10:00 ISM Index 50.2 cons.
Before: CRMT, TUTR
After: ADCT, APSG, DCI, SEAC, TTWO, PAY
Auctions: 4 week auction 1:00 PM
Wednesday, September 2
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
Before: BRLI, BTH, BF.B, JOYG, SYNO, ZLC
After: ABM, PSS, GEF, MATK, OXM, SAI
Thursday, September 3
08:30 Initial Jobless Claims 570k cons.
10:00 ISM Services 48.0 cons.
Before: AHII, CIEN, DLM, JTX, LAYN, MEI, MOV, TK, UTIW
After: ARST, COO, ESL, GIII, ZQK, SNDA, TSCM, ULTA
Friday, September 4
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.
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