CJCOM Shell Eggs Mar '10 (JEH10)

The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.60%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.06%. 

US stock indexes Thursday posted moderate losses, with the S&P 500 falling to a 2-week low, the Dow Jones Industrials sliding to a 4-week low, and the Nasdaq 100 dropping to a 1-1/2 week low.  Stocks were under pressure Thursday because of concern that the Fed will keep interest rates higher for longer, causing a risk-off sentiment in asset markets.  Stock indexes found some support after bond yields declined on Thursday’s dovish US economic reports.

US weekly initial unemployment claims rose +3,000 to 219,000, showing a slightly weaker labor market than expectations of 217,000.

US Q1 GDP was revised downward to +1.3% (q/q annualized) from +1.6%, right on expectations.  The Q1 core PCE price index was unexpectedly revised lower to +3.6% (q/q annualized), weaker than expectations of... Read more