Fed report signals consumer credit growth and earnings rounds
The Federal Reserve notes monthly new credit issuance at a 5.2 percent annual rate, above the 3.4 percent in April 2006 but below late 2000. Companies posting earnings include SAI International, UTI Worldwide, Pathmark Stores, with after hour figures awaited from National Semiconductor and others as the Commerce Department forecast wholesale inventories up 20.3 percent for April.
MENTIONED IN THIS ARTICLE
Federal Reserve
Science Applicationia International Corp
SAI
UTI Worldwide Inc
UTIW
Pathmark Stores Inc
PTMK
Bell
National Semiconductor Garp
NSM
Commerce Department
Monith
Rates Retreat as Yields Hover Near Nine Month Highs
Bond yields edged down but stayed near nine month highs as the 10 year Treasury touched a level just below a percent following a downward revision to U S productivity figures.
MENTIONED IN THIS ARTICLE
Treasury
U.S
Inflation Fears Send Stocks Tumbling Across Markets
Stocks posted their sharpest two day slide since March as inflation fears grew. U S labor costs rose unexpectedly while the European Central Bank moved to raise rates, sending the Dow 129.79 points lower to 13,465.67. Market activity showed 1.4 million shares traded with continued industry softness weighing on earnings outlooks for a pet lawn and garden retailer.
MENTIONED IN THIS ARTICLE
U.S
European Central Bank
Dow
Soaring supply could sap bond market this year’s borrowing binge
U S corporate borrowing may erode the bond market’s safe haven role as $500 billion in new bonds flow in this year. Investors fear weak yields on riskier corporate bonds versus Treasuries. Analysts warn of potential price declines ahead of a summer issue surge and a possible corrective next year.
MENTIONED IN THIS ARTICLE
Treasuries
Lisa Coleman
Global Credit Strategies
Schroders
Coleman
U.S
Fitch Ratings
Staffing firms retrench as temp hires drop
As the economy slows, temporary employment wanes with 32,300 lost positions since January per the Labor Department. Analysts say a bottom is not yet in sight as firms expand into permanent placement and diversify abroad. Adecco and Manpower hold favorable ratings while Resources Connection and Robert Hall International push growth.
MENTIONED IN THIS ARTICLE
Temp
Labor Department
U.S
Citigroup
Leone Young
Adecco SA
Switzerland
Europe
United States
Young
Manpower
Adecco
Andrew Steinerman
Bear Steams
Resources Connection
Robert Hall International
Oil prices rise on Middle East tensions and Iraqi troop report
Commodity markets saw oil advance amid tensions in the Middle East. Turkish forces were claimed to have entered northern Iraq in an operation against Kurdish guerrillas, but Ankara denied the report.
MENTIONED IN THIS ARTICLE
Middle East
Iraq
FundFocus: Low costs and seasoned management lift after tax returns
The fund emphasizes low expenses and a disciplined approach under experienced management, delivering stronger after tax performance across market climates while tracking the S&P SmallCap 600. It may incur losses to offset future gains, a behavior described as Small Bland.
MENTIONED IN THIS ARTICLE
S&p
Economic outlook murky on housing market stance
Edward Lazear, chair of the Council of Economic Advisers, says the housing market’s bottoming is unclear as the White House lowers its 2024 GDP growth forecast to 2.3 percent. He notes uncertainty about current conditions and future trajectory.
MENTIONED IN THIS ARTICLE
Edward Lazear
Council of Economic Advisers
White House
Local Stocks Report Amid Flashing Market Figures
The record shows mixed performance across several issuers with varied price activity. Independent listings include 1489 and 163 symbol entries, alongside 1998 and 2005 style codes, reflecting typical daily fluctuations and minor shifts in volumes across sectors.
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