mmfnschedule   mmfnschedule

«

»

Feb 20 2015

Futures point towards mixed opening

Market Recap:

Stocks were mixed yesterday with the S&P and Dow falling slightly and the Nasdaq gaining as investors weighed continuing developments in Europe and oversupply concerns once again drove oil prices downward. In Europe, negotiations between Greece and the rest of the Eurozone continue after Germany rejected a six month extension proposal on Greece’s current bailout program. Despite the current impasse however, there is widespread belief that a deal will eventually be made. Tech stocks led the S&P boosted by a 8.5% gain in Priceline (PCLN) after a positive earnings result. On the other side, Energy and Utilities lagged, falling .78% and 1.09% respectively. The US dollar once again ticked higher against its major counterparts, rising .1% against the yen and .2% versus the Euro.


Looking Ahead:

Looking ahead to today’s trading, futures are pointing towards a mixed opening with investors waiting for more news concerning the ongoing Greek bailout talks. On the economic front, flash US manufacturing PMI data will be released at 9:45am. Currently, markets in Europe are mixed while Asian markets were quiet due to the Lunar New Year.

Make sure to tune into Money Matters with Gary Goldberg this Saturday at 2:00 PM and Sunday at 11:00 AM on WOR 710 AM Radio to hear our latest market commentary and economic analysis.  Gary’s Guest is Wayne Nelson, lead singer of the Little River Band.  And don’t miss our President, Oliver Pursche, on Bloomberg TV next Monday at 4:00 PM, CNBC next Tuesday at 3:45 PM and Fox Business News on Thursday at 6:00 PM. Visit our website www.ggfs.com for details.