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Looking Ahead to Thursday's Market

October 24, 2012 @ 4:28 PM EST

by Don Moenning

Quick Recap of Wednesday’s Session:

Stocks finished lower again on Wednesday, marking the fourth red day for the S&P 500 in the previous five sessions. Major indices started the day slightly higher following a better than expected Flash PMI our of China and better than expected earnings from Boeing (BA) and Facebook (FB). Weighing on sentiment and keeping stocks in check throughout the day was weak data from Europe and concerns over Greece’s latest deadline. Stocks traded mostly flat until the afternoon FOMC statement, which did not reveal anything new, spurred some volatility. Major indices sold off into the close to finish near their worst levels of the day.

S&P 500 -0.31%, NASDAQ -0.2%, DJIA -0.19%, Midcaps -0.32%.

Looking Ahead to Thursday:

  • Overnight we get Retail Sales from Italy and preliminary Q3 GDP from the U.K.
  • Before the bell here in the U.S. is Weekly Jobless Claims and Durable Goods Orders.
  • Also before the bell are a couple of high profile earnings announcements in ConocoPhillips (COP) and Sprint (S).
  • Shortly after the open we get the Bloomberg Consumer Comfort Index at 9:45am EST and then Pending Home Sales at 10:00am EST.

 

  S&P 500 - Intraday
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  S&P 500 - Last 12 Months
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