Not only are there a slew of announcements in the market, today also marks the
beginning of the FOMC meeting. The announcements go as follows:
• ICSC- Goldman Store Sales 7:45am
• Personal Income and Outlays 8:30am
• Employment Cost Index 8:30am
• Redbook 8:55am
• S&P Case-Shiller HPI 9:00am
• Chicago PMI 9:45am
• Consumer Confidence 10:00am
• State Street Investor Confidence Index 10:00am
As for the stock market the S&P 500 will open at a decline of 0.05%, and so will 10-
year treasuries at 1.33%. Oil is up at 0.16% and the dollar is down 0.07%.
US Steel came out with its earnings this morning, announcing 61 cents per share
which beat analysts expectations of 48 cents per share. But its not all good news, the
company says its net income has fallen by more than half and this time last year the
company posted $1.33 per share.
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