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FreightWaves NOW: A Look At ISM's Purchasing Managers Index Results
Wednesday, December 4, 2019 - 4:31pm | 69Read More...In this episode, Meteorologist Nick Austin talks about more snowfall for the western states, Market Expert Zach Strickland delivers the carrier update presented by PowerFleet, and Market Expert Seth Holm discusses ISM's November results for their Purchasing Managers Index. Image Sourced from...
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Monthly ISM Index Showed Considerable Softening In December
Thursday, January 3, 2019 - 6:48pm | 909Read More...The Institute for Supply Management (ISM) reported today that the pace of new manufacturing orders declined in December at an unusually steep sequential rate. The decline came as supply and purchasing managers demonstrated significant caution with the threat of higher tariffs on China-made goods...
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Benzinga Market Wrap for Thursday, August 1: Record Highs!
Thursday, August 1, 2013 - 4:59pm | 757Read More...The U.S. stock market surged higher Thursday on strong global economic data. China, the Eurozone, and United States all beat analyst estimates. Bullish news came from several automakers who reported their vehicle sales today. Ford (NYSE: F), General Motors (NYSE: GM), Chrysler and Nissan (OTC:...
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The Week Ahead: October Unemployment, Housing and Earnings
Monday, October 29, 2012 - 7:16am | 965Read More...The last week of October could prove to be significant for the markets. Notably, the final jobs report prior the U.S. Presidential election will be released at the end of the week, and the smaller employment reports (ADP, Challenger, etc.) will lead up to Friday's big release at 8:30 ET. A strongly...
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Canadian GDP Slows In May
Tuesday, July 31, 2012 - 10:12am | 426Read More...Canadian GDP slowed in May showing that the global slowdown emanating from Europe is affecting economies around the world. Canadian GDP grew 0.1 percent in May, less than economist expectations of a 0.2 percent gain. The annualized rate of growth came in at 2.2 percent year over year as compared to...
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ISM Non-Manufacturing: Headline Beat, Weak Internals
Tuesday, June 5, 2012 - 10:21am | 272Read More...The ISM Non-Manufacturing Report on Business was released today and beat expectations. The index came in at 53.7, beating estimates of a reading of 53.4 (slightly). April's print was 53.5, so the services sector showed very slight improvement month-over-month. The report was a mixed bag, with...
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Norfolk Southern Says Economy Chugging Right Along
Thursday, October 27, 2011 - 12:29pm | 766Read More...Norfolk Southern (NYSE: NSC) reported third quarter earnings last night that absolutely blew out estimates, and shares are motoring along today up more than 7%. The Virginia-based railroad company reported third quarter earnings of $1.59 per share on $2.89 billion in revenues. Wall Street...
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End-of-Day Market Summary for October 5, 2011
Wednesday, October 5, 2011 - 4:03pm | 629Read More...This is your Benzinga news summary and traders' summary for Wednesday, October 5, 2011, covering headlines from Wednesday's trading session. Today at market close, the Dow Jones Index traded up about 131 points or 1.21%, the S&P 500 traded 1.78% higher, the Nasdaq Composite Index traded 2.32%...
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How to Take Advantage of a Market Anomaly Today
Monday, October 3, 2011 - 9:39am | 599Read More...Last week, we got data from the Chicago Purchasing Manager's Index (PMI), and it beat handily, coming in at 60.4, versus expectations of 55.0. Historically, there has been a 90% correlation between PMI and ISM data, which is due out at 10:00 a.m. Expectations are for 50.5. Last month saw a...
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Why Tomorrow May Be The Most Important Day For QE3
Thursday, September 1, 2011 - 2:38pm | 917Read More...Whether we get a third round of quantitative easing or not remains to be seen, but tomorrow could be the most important day in having a say yes or no. Tomorrow is the August Nonfarm payrolls report, to be released at 8:30 a.m. There is a wide range of consensus estimates for the numbers of jobs...
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ISM Comes In Than Better Than Expected, Stocks Soaring
Thursday, September 1, 2011 - 10:01am | 62Read More...August ISM was just released and it came in better than expected, and stocks are moving higheron the back of the numbers. Expectations were for a reading of 48.5, and it came in at 50.6. Any reading above50 indicates economic expansion. Following the release, stocks are up. The Dow is up 55...
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Tomorrow's Economic Reports September 1, 2011
Wednesday, August 31, 2011 - 3:10pm | 248Read More...Tomorrow is a massive day for economic numbers, with initial claims and ISM being the two largest reports. These two reports are certainly market moving, and traders will being attention to these releases. At 8:30 a.m., initial claims for the week ending August 27 are expected to come in at 407...
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It's A Bird, It's A Plane, It's Ben Bernanke?
Tuesday, August 9, 2011 - 11:13am | 701Read More...Everyone knows growth is slowing, it is pretty obvious to see. Unemployment is stagnant, economic numbers such as ISM, PMI, and the rest of the alphabet soup have slowed drastically, and the stock market is dropping like a rock falling from the Empire State building. The Federal Open Market...
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How To Play The Coming Recession
Monday, August 1, 2011 - 2:26pm | 902Read More...U.S. Treasuries have always been seen as a "safe" investment, backed by the full faith, and credit of the U.S. government." Yet with worries about the debt ceiling, and the possibility of a downgrade of U.S. debt, we have seen the continued move down in yields on U.S. Treasury debt. Many market...
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Debt Deal Almost Done, Now What?
Monday, August 1, 2011 - 1:11pm | 824Read More...Last night, news emerged out of Washington that a deal had been reached regarding the U.S. deficit and ability to raise the debt ceiling, and the futures surged. This morning, as traders awoke, futures came off their best levels of the session, and traders faded the open, selling the rip. Once...
