LONDON (ShareCast) - - Rosengren (Fed) sees margin for expansion of QE
- Kocherlakota (Fed) says central bank should ease further
Dow Jones Industrials: -0.33%
Nasdaq Comp.: 0.07%
S&P 500: -0.16%
The major US equity averages are now trading in a 'mixed' fashion. That following the release of similarly 'mixed' economic data and financial results.
Of interest as well, speaking on Bloomberg TV the President of the Boston Federal Reserve, Eric Rosengren, has stated that talk of an 'exit' strategy from quantitative easing (QE) is premature. Nevertheless, he added that he does worry about the risks associated with QE.
Goldman Sachs (NYSE: GS-PB - news) has unveiled fourth quarter earnings per share of $5.60 (Consensus: $3.66). At $9.24bn net revenues beat by a wide margin (Consensus: $7.83bn).
JP Morgan (Other OTC: JPAAZ - news) 's fourth quarter earnings per share rose to $1.39 (pro-forma: $1.46), ahead of forecasts. Its shares however are now lower.
Some pundits are today pointing out that the fact that banks are still trading below book value shows that investors do not place much value in lenders' estimates of what their own assets are worth.
Also of possible interest, the largest US bank by market capitalisation has today unveiled the results of an internal review of the bank's chief investment office, which found that he was responsible for the errors committed.
Better than expected industrial production figures
The US consumer price index for the month of December rose at a 0.3% month-on-month pace (Consensus: 0%).
The so-called 'core' rate, however, has come in a tenth of a percentage point lower than expected, at a 0.1 per cent month-on-month rate of change.
Industrial production grew at a 0.3% month-on-month pace in December, as expected. That despite a 4.8% month-on-month drop in utility output.
The previous month's reading, however, was revised up to show a contraction of just 0.3% month-on-month, instead of the preliminary estimate of 0.7%.
The NAHB index of home builder sentiment remained unchanged at 47 points in January, slight below the 48 points expected by the consensus.
Small rise in crude futures
10 year US Treasuries are now falling by 2 basis points to the 1.82% mark.
Front month West Texas crude futures are now edging higher by 0.56% to the 93.81 dollar level on the NYMEX.
S&P 500 - Risers
Genworth Financial Inc (NYSE: GNW - news) . (GNW) $9.10 +11.93%
Constellation Brands Inc (NYSE: STZ - news) . Class A (STZ) $38.24 +5.03%
Comerica Inc (OTC BB: CMPWW - news) . (CMA) $33.00 +3.55%
Apple Inc (NasdaqGS: AAPL - news) . (AAPL) $501.82 +3.27%
Phillips 66 Common Stock (PSX) $53.83 +3.04%
Borg Warner Inc. (BWA) $75.61 +2.70%
Goldman Sachs Group Inc. (GS) $139.07 +2.57%
Yahoo (NasdaqGS: YHOO - news) ! Inc. (YHOO) $19.95 +2.20%
Sears Holdings Corp. (SHLD) $45.05 +1.88%
Fifth Third Bancorp (NasdaqGS: FITB - news) (FITB) $15.69 +1.82%
S&P 500 - Fallers
Chipotle Mexican Grill Inc (NYSE: CMG - news) . (CMG) $279.57 -5.97%
Dell Inc (NasdaqGS: DELL - news) . (DELL) $12.65 -3.99%
Netflix Inc (NasdaqGS: NFLX - news) . (NFLX) $97.80 -3.83%
Northern Trust Corp. (NTRS) $50.93 -3.56%
Salesforce.Com Inc. (CRM) $169.24 -3.10%
Boeing Co (NYSE: BA - news) . (BA) $74.57 -3.08%
Precision Castparts Corp (NYSE: PCP - news) . (PCP) $183.36 -3.05%
Bank Of New York Mellon Corp. (BK) $26.00 -2.91%
First Solar Inc (Xetra: A0LEKM - news) . (FSLR) $30.71 -2.88%
Allegheny Technologies Inc (NYSE: ATI - news) . (ATI) $30.17 -2.52%
Dow Jones I.A - Risers
Hewlett-Packard Co. (HPQ) $16.69 +0.97%
Walt Disney Co. (DIS) $51.58 +0.96%
Johnson & Johnson (NYSE: JNJ - news) (JNJ) $72.79 +0.58%
Bank of America Corp. (BAC) $11.60 +0.48%
Chevron Corp. (CVX) $113.91 +0.41%
Wal-Mart Stores Inc. (WMT) $69.25 +0.39%
Cisco Systems Inc (NasdaqGS: CSCO - news) . (CSCO) $21.06 +0.38%
Intel Corp. (INTC) $21.92 +0.18%
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $46.42 +0.15%
Travelers Company Inc. (TRV) $75.66 +0.13%
Dow Jones I.A - Fallers
Boeing Co. (BA) $74.57 -3.08%
E.I. du Pont de Nemours and Co. (DD) $45.69 -1.20%
AT&T Inc. (T) $33.37 -1.16%
Procter & Gamble Co (NYSE: PG - news) . (PG) $69.23 -0.93%
Alcoa Inc (NYSE: AA - news) . (AA) $8.86 -0.67%
Verizon Communications Inc. (VZ) $41.76 -0.50%
McDonald's Corp. (MCD) $91.05 -0.50%
Caterpillar Inc (NYSE: CAT - news) . (CAT (Taiwan OTC: 4990.TWO - news) ) $95.26 -0.43%
General Electric Co. (GE) $21.12 -0.38%
United Technologies Corp (NYSE: UTX - news) . (UTX) $85.64 -0.37%
Nasdaq 100 - Risers
Apple Inc. (AAPL) $501.82 +3.27%
Yahoo! Inc. (YHOO) $19.95 +2.20%
Sears Holdings Corp. (SHLD) $45.05 +1.88%
CA Inc. (CA) $24.03 +1.74%
Applied Materials Inc (NasdaqGS: AMAT - news) . (AMAT) $11.97 +1.70%
Nvidia Corp. (NVDA) $12.16 +1.54%
Maxim Integrated Products Inc (NasdaqGS: MXIM - news) . (MXIM) $29.77 +1.50%
Micron Technology Inc (NasdaqGS: MU - news) . (MU) $7.70 +1.38%
Check Point Software Technologies Ltd (NasdaqGS: CHKP - news) . (CHKP) $48.91 +1.28%
Altera Corp (NasdaqGS: ALTR - news) . (ALTR) $34.78 +1.28%
Nasdaq 100 - Fallers
Dell Inc. (DELL) $12.65 -3.99%
Vodafone Group Plc ADS (VOD) $25.58 -2.26%
Cerner Corp. (CERN) $79.37 -1.65%
Citrix Systems Inc (NasdaqGS: CTXS - news) . (CTXS) $68.68 -1.49%
Garmin Ltd (NasdaqGS: GRMN - news) . (GRMN) $39.46 -1.44%
Starz Class A (STRZA) $15.83 -1.37%
CH Robinson Worldwide Inc (NasdaqGS: CHRW - news) (CHRW) $64.49 -1.32%
Akamai Technologies Inc (NasdaqGS: AKAM - news) . (AKAM) $39.21 -1.13%
Vertex Pharmaceuticals Inc. (VRTX) $46.55 -1.13%
Verisk Analytics Inc (NasdaqGS: VRSK - news) . (VRSK) $54.43 -1.09%