Succinct Summations week ending February 27th
1. The Nasdaq Composite just had its highest monthly close ever.
2. Durable goods orders increased 2.8% vs 1.6% expected
3. Case-Shiller home prices rose 0.87% m/o/m and 4.46% y/o/y, both above estimates.
4. Core consumer prices rose 0.2% m/o/m vs +0.1% expected.
5. Pending home sales grew 1.7%, less than the 2% expected gain but still hit 18-month highs.
6. Revised Q4 GDP came in at 2.2%, down from the 2.6% initially estimated but better than the 2% expected revision.
7. U of Mich consumer confidence came in at 95.4, higher than expected.
1. Chicago PMI fell to 45.8 vs expectations of 59.4, lowest since July 2009.
2. Existing home sales fell 4.9% m/o/m vs expectations of a 1.8% decline
3. US initial jobless claims rose 31k to 313k last week vs 290k expected.
4. Dallas fed manufacturing index fell to -11.2, down from -4.4 in January and below the expected reading of -4
5. U.S. oil rigs decline for the 12th straight week.