Posts

Showing posts with the label CNBC Senior Producer Market Analysis July 26

From the desk of Peter Schacknow, CNBC Senior Producer Market Analysis July 26, 2013.

Image
Peter Schacknow, Senior Producer, CNBC Breaking News Desk Dow, S&P 500 seek fifth week of gains The Dow and S&P 500 could post their fifth week of gains with a positive session today, following Thursday's modest gains. Both are near breakeven for the week, while the Nasdaq Composite is coming off its best session in two weeks. The three benchmarks have nearly identical gains for the year-to-date, with each rising roughly 19 percent. Investors will only have one economic report to consider as the week concludes, with the University of Michigan issuing its final July consumer sentiment index at 9:55 a.m. ET. Economists look for the index to come in at 84.0, compared to the preliminary July reading of 83.9 and June's final 84.1. The pace of earnings slows down somewhat today, with just about half the S&P 500 having reported following Thursday's after-the-bell flurry. This morning's reports include the latest numbers from Tyco (TYC), Wey