Stock indexes closed up across the board after the CPI climbed less than anticipated. The DJIA added +66.20 points to 12,898.38, the S&P500 climbed +5.62 points to 1408.66 and the NASDAQ advanced +1.57 to 2496.69.
Freddie Mac (FRE | Quote | Chart | News | PowerRating) - The second largest US mortgage company added 2.29 to 27.25 after announcing a smaller loss than anticipated.
Deere (DE | Quote | Chart | News | PowerRating) Gave back 10% falling 8.99 to 81.20 on the heels of construction slowing and rising material costs.
Whole Foods (WFMI | Quote | Chart | News | PowerRating) - Was the biggest loser in the S&P 500 collapsing 4.68 to 28.96 due to slowing sales growth and trailing analysts estimates.
Pulte Homes (PHM | Quote | Chart | News | PowerRating) - added .89 cents to 13.78 due to favorable news from the mortgage business.
The Volatility Index $VIX which measures the cost of insuring against losses in the S&P500 fell to a new yearly low of 16.20.
Crude oil gave back 1.24% to 124.24 on rising supply estimates.
| Economic
News |
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Treasury Budget (Apr): Actual $159.3B, Consensus $160.0B
Export Prices ex-ag. (Apr): Consensus NA, Prior 1.2%
Import Prices ex-oil (Apr): Consensus NA, Prior 1.1%
Retail Sales (Apr): Consensus -0.2%, Prior 0.2%
Retail Sales ex-auto (Apr): Consensus 0.2%, Prior 0.1%
Business Inventories (Mar): Consensus 0.4%, Prior 0.6%
Core CPI (Apr): Consensus 0.2%, Prior 0.2%
CPI (Apr): Consensus -$0.3%, Prior 0.3% |
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