Morning Coffee Break – Thursday March 21 With no significant impact from the Federal Reserve’s two day meeting and statement the S&P 500 is coming off its largest gain in over two weeks. The crisis over in Cyprus hasn’t even deterred the U.S. equities from moving higher.
Current market conditions – The Dow Jones (DIA, quote) trading up by 0.22% to 13184.08, S&P 500 (SPY, quote) is trading lower by 0.17% to 1420.47 and the NASDAQ (QQQ, quote) is trading down by 0.41% to 2990.28.
Welcome to Friday’s Morning Coffee Break – U.S. futures are moving lower on the last day of the week and quarter on fears from the Euro Zone fears and U.S. economic data. After mix data from the U.S. economic calendar traders are looking towards Consumer Income, Spending and Sentiment reports.
Welcome to Tuesday’s Morning Coffee Break – History repeated itself as the Dow Jones dropped for the 15th Monday out of 16th weeks. U.S. futures are suggesting positive opening in early electronic trading with the Dow Jones fair value at 18.08, S&P 500 fair value 1.66 and the NASDAQ’s fair value coming in at 4.12.
Breaking News – U.S. economic Retail Sales reports and Consumer Price Index (CPI)
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