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Jul 14, 2015

U.S. Stock Market Future Indications Update - July 14, 2015: U.S. stocks set to open lower after weak retail sales

marketwatch.com

U.S. stocks set to open lower after weak retail sales

Sara Sjolin
Reuters
J.P. Morgan earnings are among highlights on the earnings calender on Tuesday
Stock futures pointed to a slightly weaker open on Wall Street Tuesday, as investors assessed the impact of disappointing retail sales and the impact of the Iranian nuclear deal.
Americans spent less at U.S. retailers last month, while the prior two months figures were also revised lower. Weaker sales point to a slower pace of economic growth.
Futures for the Dow Jones Industrial Average YMU5, -0.17%  slipped 24 points, or 0.1%, to 17,877, while those for the S&P 500 index ESU5, -0.16%  lost 2 points, or 0.1%, to 2,092. Futures for the Nasdaq 100 index NQU5, +0.05%  rose 3 points to 4,491.

ESA Advance Monthly Sales and Food Services - July 14, 2015: May 2015 retail and food services sales were down 0.3% from April 2015 but up 1.4% from May 2014...

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May 2015 retail and food services sales were $442 billion, down 0.3 percent from April 2015 but up 1.4 percent from May 2014.  Excluding automobiles, retail and food services sales in May 2015 were $350.3 billion, down 0.1 percent from the prior month but up 0.1 percent from one year earlier.

DealBook Today's Top Headlines - July 14, 2015: The New Greek Bailout | Tsinghua Unigroup Is Said to Make $23 Billion Bid for Micron | Chinese Government Moves Cramp Hedge Funds' Style Inbox x

Tuesday, July 14, 2015
TODAY'S TOP HEADLINES
By AMIE TSANG
THE NEW GREEK BAILOUT While Prime Minister Alexis Tsipras of Greece is trying to get his Parliament to agree to the latest bailout deal, Greek banks are in need of a bailout of their own. The European Central Bank has kept them running for months with emergency loans, but it won't provide any additional cash - it is waiting for Parliament to approve Monday's bailout deal. This means Greek banks may not open this week and could soon run out of cash, Jack Ewing writes in The New York Times. Every day that the banks stay closed adds to their problems and the eventual cost of an overhaul, Mr. Ewing notes.

NYT First Draft on Politics - July 14, 2015: Once Wary of Clinton, Congressional Democrats Open Their Arms.

7/14/2015 nytimes.com/firstdraft »
First Draft

Once Wary of Clinton, Congressional Democrats Open Their Arms

Hillary Rodham Clinton at a campaign rally last month on Roosevelt Island. Doug Mills/The New York Times
7/14/2015
By Maggie Haberman
Good Tuesday morning from Washington, which will be analyzing the nuclear deal the Obama administration just made with Iran. The deal comes as President Obama is scheduled to deliver a big speech, while on the campaign front, Gov. Scott Walker, an opponent of the Iran deal, has joined the crowd running for the Republican nomination. But first, Hillary Rodham Clinton will be returning to the Capitol to court a group she was unable to win over in 2008.

U.S. Stock Market Future Indications - July 14, 2015: U.S. stocks set to break winning run after Iran nuclear deal

marketwatch.com

U.S. stocks set to break winning run after Iran nuclear deal


Sara Sjolin

Reuters
J.P. Morgan earnings are among highlights on the earnings calender on Tuesday
Stock futures pulled back Tuesday, as energy shares headed south in premarket trade after an Iranian nuclear deal stoked fears of oil-market oversupply.

Futures for the Dow Jones Industrial Average YMU5, -0.03%  slipped 17 points, or 0.1%, to 17,883, while those for the S&P 500 index ESU5, -0.03%  lost 1.65 points, or 0.1%, to 2,092.75. Futures for the Nasdaq 100 index NQU5, +0.06%  rose 1.25 points to 4,489.25.

The small losses come after an agreement on a bailout package for Greece sent markets rallying in the U.S. and Europe on Monday. If the losses hold throughout the trading day, they would break a three-session win streak.

Asian Markets at Close Report on July 14, 2015: Chinese rebound fizzles as shares end lower.

marketwatch.com

Chinese rebound fizzles as shares end lower

Chao Deng
 
A rebound in China fizzled Tuesday as investors question whether the rally would be able to continue without fresh government help.

The Shanghai Composite SHCOMP, -1.16%  closed down 1.2% at 3924.49, knocking off some of the gains from a three-day rally. The index remains down nearly a quarter from its peak on June 12.
The smaller Shenzhen Composite Index 399106, +1.38%  rose 1.4% to 2149.52 and the small-cap ChiNext board 399006, +1.60%  gained 1.6% at 2726.05. Both are off about a third from June highs.
Hong Kong’s Hang Seng Index HSI, -0.41%  was down 0.6%, after rebounding by over 7% in the last three trading days.