Posts Tagged ‘university of michigan’

(Michael Schwartz) - Let’s recap some of the good news last week: The Commerce Department said the economy grew in the fourth quarter at its fastest pace in more than six years; The Institute for Supply Management-Chicago said its index of Midwest business activity rose more than expected in January; Consumer sentiment in January as measured by The Reuters/University of Michigan Surveys of Consumers hit its highest level in two years; and Of the 220 companies in the S&P 500 index that have reported fourth quarter earnings, 78% of them exceeded analysts' expectations, according to Thomson Reuters. In a typical quarter, only 61% of companies beat Wall Street targets. Sounds pretty good, doesn’t it? So, how does the stock market respond?

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(Lee Siler) - Stock futures are mixed this morning, as Wall Street tries to digest a five day winning streak. On the 8th anniversary of the 9-11 terrorist attacks, the market will likely finish the week on a positive note. Consumer sentiment data will be released later this morning from the University of Michigan. This news has typically been a market mover and the market is expecting an improvement over last month. This number is a preliminary and will likely be adjusted up or down over the next few weeks.

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