The E-mini S&P opening price today was (1788). Today, the low price (1782) was hit at 3:05 p.m. US/Eastern time. The high price (1792) was reached at 10:15 p.m. Eastern time. The Challenger Job-Cut Report is a monthly report that counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. This data must be analyzed with caution because it doesn’t distinguish between scheduled layoffs for the short-term or the long term, or whether job cuts are handled through attrition or actual layoffs. The report also does not include jobs eliminated in small batches over a longer time period. For the report in November this year, layoff announcements continue to run at 2-year highs, at 45,314. For the past four months, averages have been about 45,500. This is well above the prior average over a four month period, at 38,000. Most of these announcements are coming from the financial sector due to declinging foreclosures reducing staffing needs. The results of today’s report are no good indication for tomorrow’s big employment report.
Today, the opening price on the E-mini S&P was (1804.75). Today’s high price was (1809) at 12:55 a.m. US/Eastern time. At 4:00 p.m. US/Eastern time, the low price of the day was (1797). The Construction Spending data represents the dollar value of new construction activity on residential, non-residential, and public projects. The data is available in nominal and real (inflation-adjusted) dollars. For the month of October construction outlays made a comeback. Construction outlays rebounded 0.8 percent after a decline of 0.3 percent in September. Public construction spending is up a monthly 3.9 percent, followed by a 1.9 percent decrease the month before. Private residential outlays went down 0.6 percent in October, following a 1.7 percent boost the month before. New 1-family spending declined 0.6 percent after rising 1.7 percent. Multi-family outlays went up 2.2 percent after jumping 4.3 percent in September. Residential outlays excluding new homes dropped 1.2 percent, following a gain of 3.6 percent the month before. Nonresidential private outlays dropped 0.5 percent in October, following a 1.0 percent decrease in September.
The E-mini S&P opening price today was (1801.75). Today, the price (1798.75) was hit at 10:10 a.m. US/Eastern time. The high price (1807) was reached at 3:30 p.m. Eastern time. Each week, the International Council of Shopping Centers publishes a report of the weekly measure of comparable store sales at major retail chains. Investors want to know about this report because accounts for roughly 10 percent of total retail sales. There is not much explanation as to why this weeks growth surged 2.6 percent while the year-on-year rate fell a sizable 7 tenths to only plus 2.1 percent. The trend in this report is that the Black Friday sales are going to be flat, which will not make or break November.
The opening price on the E-mini S&P market today was (1784.25). At 3:20 p.m. US/Eastern time, the day’s high of (1795.50) was reached. The day’s low point of (1783.50) was hit about 5 minutes after market opening . According to the Bloomberg Economic Calendar, there were two important speakers today. Esther George, the Kansas City Federal Reserve Bank President, gave a speech on bank supervision at Bank of France conference in Paris. Daniel Tarullo, a member of the Board of Governors of the United States Federal Reserve Board since January 28th, 2009, gave a speech on shadow banking to Economic Policy Institute in Washington. There was no indication that the speakers had any significant impact on the market.
On the the E-mini S&P, the opening price was (1784.25). The day’s high price at (1795.50) was reached at 3:20 p.m. US/Eastern Time. Today, the low price (1783.50) was hit about 5 minutes after the market opening. Each week, the Energy Information Administration (EIA) gives a report on natural gas stocks in underground storage for the U.S. and three regions of the country. This is important information for investors because prices for natural gas products are determined based on the level of inventories. In this week’s report, there was a drop of 45 billion cubic feet leaving 3,789 bcf of natural gas in inventories in the week of November 15. The expectation this week was a draw of about 35 bcf. This report has little or no impact on the market.