News About <![CDATA[SLM 18 A SRFRN]]> News About en-us <![CDATA[Inspiration Continues to Advance the Langmuir Property]]> <![CDATA[ISM: Service Sector Growth Strides Ahead in March]]> DailyFinance.com: Scott Eells/Bloomberg via Getty Images By Ryan Vlastelica NEW YORK -- Growth in the U.S. services sector accelerated in March, climbing as the employment index returned to expansionary territory, an industry report showed Thursday. The Institute... Read more]]> <![CDATA[Reports Differ on Manufacturing Growth in March]]> DailyFinance.com: Jeff Kowalsky/Bloomberg via Getty Images By Ryan Vlastelica NEW YORK -- U.S. manufacturing growth accelerated for a second straight month in March, an industry report showed Tuesday, as production recovered though employment growth slowed. A... Read more]]> <![CDATA[Service-Sector Growth at Slowest Since in 4 Years]]> DailyFinance.com: Luke Sharrett/Bloomberg via Getty Images By Ryan Vlastelica NEW YORK -- Growth in the U.S. services sector slowed in February, coming in below forecasts as the employment index fell into contractionary territory for the first time in more than two... Read more]]> <![CDATA[Ukraine, Time To Be Careful]]> <![CDATA[Job Growth Seen Snapping Back from Winter Chill]]> DailyFinance.com: Alamy By Lucia Mutikani WASHINGTON -- U.S. employment likely rebounded in January after being held back by cold weather the prior month, which would offer assurance that economic growth wasn't faltering. Nonfarm payrolls are expected to have... Read more]]> <![CDATA[Service Sector Posts Big Job Gains on New Orders]]> DailyFinance.com: Getty Images By JOSH BOAK WASHINGTON -- U.S. service companies expanded at a slightly faster pace in January. New orders, sales and hiring showed strength in a sign that financial firms, retailers and information technology companies foresee... Read more]]> <![CDATA[Construction Spending Ticks Up; Manufacturing Growth Slows]]> DailyFinance.com: Mark Lennihan/APAn apartment building under construction in December in Fort Lee, N.J. By Paul Simao and Dan Burns WASHINGTON -- U.S. construction spending rose modestly in December to its highest level since March 2009, as a jump in private ... Read more]]> <![CDATA[U.S. Factory, Services Revenue to Grow in 2014]]> DailyFinance.com: AP By Steven C. Johnson NEW YORK -- The U.S. manufacturing sector is forecast to grow again next year, with both revenue and investment increasing, an industry report showed Tuesday. Manufacturing revenue is expected to rise by 4.4 percent in 2014 ... Read more]]> <![CDATA[Surprise! U.S. Manufacturing Increases in November]]> <![CDATA[Stock Futures Little Changed Ahead of Manufacturing Data]]> <![CDATA[U.S. Service Sector Growth Quickens in October]]> DailyFinance.com: David Goldman/AP By Steven C. Johnson NEW YORK -- U.S. service-sector business activity picked up in October and firms took on workers despite a partial government shutdown, but new order growth slowed for a second straight month, an industry report ... Read more]]> <![CDATA[ISM-New York October 2013 Report On Business At 59.03]]> <![CDATA[Closing Bell: Stocks Fall as Shutdown Drags On for Third Day]]> DailyFinance.com: Richard Drew/AP Investors were in a bearish mood again Thursday as they continued to weigh the possibility of the now 3-day-old government shutdown lasting significantly longer, and a survey showed disappointing growth in service-sector ... Read more]]> <![CDATA[Service Sector Growth Slows in September]]> DailyFinance.com: Don Wright/AP Images for Sanofi Pasteur By Steven C. Johnson NEW YORK -- Growth in the U.S. service sector cooled last month after approaching an eight-year high in August as the pace of new orders dropped and hiring slowed, according to an industry ... Read more]]> <![CDATA[ISM-New York September 2013 Report On Business At 53.6]]> <![CDATA[ISM: Service Sector Growth Rate Near 8-Year High]]> DailyFinance.com: Rich Pedroncelli/AP By Rodrigo Campos NEW YORK -- The pace of growth in the U.S. services sector accelerated in August to its fastest pace in almost eight years, an industry report showed Thursday. The Institute for Supply Management said its ... Read more]]> <![CDATA[ism rebound]]> <![CDATA[Service Sector Growth Jumps in July]]> DailyFinance.com: Toby Talbot/AP By Leah Schnurr NEW YORK -- The pace of growth in the U.S. services sector accelerated in July, picking up from a three-year low as new orders surged to their highest level in five months, an industry report showed Monday. The ... Read more]]> <![CDATA[ISM-New York July 2013 Report On Business At 67.8]]> <![CDATA[Benzinga Market Wrap for Thursday, August 1: Record Highs!]]> The U.S. stock market surged higher Thursday on strong global economic data. China, the Eurozone, and United States all beat analyst estimates. Bullish news came from several automakers who reported their vehicle sales today. Ford (NYSE: F), General Motors (NYSE: GM), Chrysler and Nissan (OTC: NSANY)

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<![CDATA[Service Sector Slows but Employment Remains Bright Spot]]> DailyFinance.com: Getty Images By Leah Schnurr NEW YORK -- The pace of growth in the U.S. services sector slowed in June to its weakest level in more than three years as new orders nearly stalled, though a jump in employment provided an encouraging sign for the labor ... Read more]]> <![CDATA[ISM-New York June 2013 Report On Business At 47.0]]> <![CDATA[Manufacturing Rebounds in June; Construction Spending Soars]]> DailyFinance.com: Getty Images By Steven C. Johnson and Lucia Mutikani NEW YORK and WASHINGTON -- U.S. manufacturing activity grew in June, rebounding from an unexpected contraction the prior month, but hiring in the sector was the weakest in nearly four years, an ... Read more]]> <![CDATA[Stocks Fall Harder As Fed Tapering Fears Persist; Dow Drops Triple Digits]]> <![CDATA[ISM-New York May 2013 Report On Business]]> <![CDATA[Slm Corporation Medium Term Notes Srs A Becomes Oversold (ISM)]]> <![CDATA[Stock Indexes Mixed On Soft ISM, Construction Data]]> <![CDATA[Service-Sector Job Growth in April Slowest in 9 Months]]> DailyFinance.com: By Leah Schnurr NEW YORK -- The pace of growth in the vast U.S. service sector slowed in April to its weakest pace in nine months, an industry report showed Friday. The Institute for Supply Management said its services index fell to 53.1 last month ... Read more]]> <![CDATA[Fed Stimulus Stays Strong]]> <![CDATA[Service Firms Grew at a Slower Pace in March, Survey Finds]]> DailyFinance.com: Bruce Schreiner/AP By CHRISTOPHER S. RUGABER U.S. service companies expanded in March at a slower pace, dragged down by less growth in new orders and weaker hiring. The Institute for Supply Management said Wednesday that its index of ... Read more]]> <![CDATA[ISM Non-Manufacturing Report on Business: January 2013]]> Today, the Institute for Supply Management released their latest Non-Manufacturing Report on Business indicating that service related business activity continued to expand in January but assessments were slightly lower than last month with the business activity component declining and the overall non-manufacturing index edging down slightly to 55.2 from 55.7.

At 56.4 the business activity index declined a notable 7.24% since December falling 5.21% below the level seen a year earlier.

This month, service industry respondents are sounding mixed reporting some cautious optimism as well as "soft" assessments of conditions:


"Sales are up slightly compared to this same period last year. This is offset by slight increases in costs for personnel benefits, fuel and other operating costs." (Public Administration)

"Business is good, but we find ourselves in a very competitive environment." (Construction)

"No change in business levels since prior month, but optimism growing that commercial and industrial construction will experience growth in 2013." (Real Estate, Rental & Leasing)

"Healthcare reform causing continued slowdown and less investment." (Health Care & Social Assistance)

"Seeing increasing prices on services and goods — some not substantiated. Business outlook continues to show small signs of improvement in parts of our business, but other parts are lagging behind." (Professional, Scientific & Technical Services)

"There seems to be some stabilization in recent months. Business seems a little more confident, and consumers are participating once again." (Retail Trade)

"Business is slightly softer than this time last year, but there are a lot of projects on the horizon which gives us confidence." (Wholesale Trade)


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<![CDATA[ISM Non-Manufacturing Report on Business: October 2012]]> Today, the Institute for Supply Management released their latest Non-Manufacturing Report on Business indicating that service related business activity was slowed in October with the business activity component weakening and the overall non-manufacturing index declining to 54.2 from 55.1 in September.

At 55.4 the business activity index declined a notable 7.51% since September but remained 3.94% above the level seen a year earlier.

This month, service industry respondents are sounding mixed reporting "sluggish" conditions but steady activity:

"Business with markets and customers we serve remains strong." (Management of Companies & Support Services)

"Business is steady, with good fourth quarter expected." (Information)

"The sluggish pace of economic recovery coupled with rapid increases in gas prices on the West Coast continue to drag down customer traffic and discretionary spending. Levels remain well below last year." (Arts, Entertainment & Recreation)

"Ongoing concerns about healthcare reform; reluctance to expand or hire." (Health Care & Social Assistance)

"Outlook is positive yet still guarded. Clients have some pent-up demand that they are acting on with short-term contracts." (Professional, Scientific & Technical Services)

"More companies seeking relief from fuel increases." (Public Administration)

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<![CDATA[Draghi Dampens Rally in the Stock Market Today]]> stock market today is down following dreary statements from Mario Draghi, President of the European Central Bank.

Speaking at a press conference Thursday morning, Draghi commented that the Eurozone would recover gradually and offered little optimism for the region.

"The risks surrounding the economic outlook for the euro area continue to be on the downside,"Draghi said at the news conference. "We see now weakening spots of growth in the whole of euro area including countries that had not experienced that before."

The ECB lowered its key interest rate by 0.25 percentage point to 0.75% and lowered its deposit rate to zero. The People's Bank of China also cut several key interest rates for the second time in less than a month, bringing its lending rate down by 0.31 percentage point to 6%.

The Bank of England decided to enact stimulus measures through quantitative easing, increasing asset purchases by 50 billion euros ($78.1 billion).

Domestically better-than-expected job reports were released, showing the fewest layoffs in 13 months and fewer initial unemployment claims filed than in the previous week.

For the week ended June 30, about 374,000 initial jobless claims were filed, down 14,000 from the previous week. ADP employment numbers showed that 176,000 private jobs were added last week.

This number is a preview to unemployment numbers to be released tomorrow by the Labor Department. Economists expect jobs to be added in the range of 80,000 - 100,000, factoring in government layoffs.

These positive labor numbers follow very weak manufacturing reports issued earlier this week and a poor reading from the Institute for Supply Management (ISM) on U.S. non-manufacturing businesses. The ISM services index fell to 52.1 in June from the prior month's 53.7.

These numbers keep the volatile trend of the markets going as investors go back and forth from hope to worry over European and domestic concerns.

Some notable headline-makers in the stock market today include Boeing (NYSE: BA) and Apple (Nasdaq: AAPL).

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<![CDATA[Stock Market Today: M&A Activity Rules the Day]]> stock market today has been relatively mild following Friday's buyer-friendly session.

Friday's momentum was halted as poor reports from around the globe surfaced today.

Unemployment in the Eurozone has reached a record high of 11.1%, the highest since the inception of the euro in 1999. In total the level of unemployment for the 27 countries in the European Union stayed at its May level of 10.3%.

On Sunday Spain dominated the final of the European Championship soccer tournament, beating Italy 4-0 - but that will do little to comfort the fact that Spain has the highest unemployment in the EU at 24.6%.

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<![CDATA[ISM Surprise Gives Stocks a Jolt; Financials Rising]]> <![CDATA[ISM Gives Market a Reason to Rebound]]> <![CDATA[ISM Manufacturing Report on Business: February 2012]]> Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity pulled back in February with assessments of most measures cooled.

At 52.4 the purchasing manager’s composite index (PMI) declined a notable 3.14% since January remaining 14.66% below the level seen a year earlier.

Respondents indicated that while there is still some concern over the strength of the recovery and rising commodity prices, outlook was overall positive going forward:

"Business is holding steady. Concern over commodity prices ongoing." (Chemical Products)

"Still somewhat cautious about recovery. Expecting a good year, but not seeing orders yet." (Machinery)

"Demand remains consistent to strong on all levels." (Paper Products)

"Demand from auto makers is getting stronger." (Fabricated Metal Products)

"Manufacturing is busy. Spending money on new equipment to accommodate customer demands. Material prices are staying in check." (Food, Beverage & Tobacco Products)

"There seems to be a much more positive outlook for the economy. Customers are ordering material for stock rather than just working hand-to-mouth." (Fabricated Metal Products)

"Global GDP softening and beginning to impact the demand chain." (Computer & Electronic Products)

"Production is busy — several new large projects." (Primary Metals)

"Customers [are] lowering inventory levels, anticipating price decrease due to third-party published reports on materials." (Plastics & Metal Products)

"We are optimistic about the U.S. market this year, a little hesitant about what may happen in Europe and unsure about China." (Transportation Equipment)

"Shipments are increasing over last year. Waiting to see if the trend continues." (Wood Products)

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<![CDATA[ISM Manufacturing Report on Business: November 2011]]> Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity improved in November with assessments of many measures increasing.

At 52.7 the purchasing manager’s composite index (PMI) increased 3.74% since October but remained 9.45% below the level seen a year earlier.

Some respondents indicated that business in improving but orders remain weak:

"Business still holding its own. Some growth in margin now that some of the raw materials prices have abated. Oil is pushing $100 so that has not been favorable." (Chemical Products)

"Orders for the remaining two months have increased after an extended 'summer dip' in sales overall. We expect to finish the year approximately 10 percent above 2010." (Electrical Equipment, Appliances & Components)

"Seeing a slight slowdown in orders; could be related to the holidays." (Primary Metals)

"Oil exploration seems to be really picking up. Government is permitting again, so business is the busiest we've ever seen." (Computer & Electronic Products)

"The EPS ruling about higher fees for coal-generated electricity can have a huge, negative impact on our business if implemented in January 2012. We are at the peak of our seasonal demand push." (Plastics & Rubber Products)

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<![CDATA[Payrolls/ISM]]> <![CDATA[ISM/Consumer Credit]]> <![CDATA[Week-long Rally Shows Bull Market Still Has Some Kick Left]]>
The past week's rally has shown at least that the spirit of the bull market still lives. It rarely pays to be bearish for more than a few weeks at a time, and even then only very selectively. So long-term investors need to keep their eyes on the on the horizon until sellers can prove their moxie.

Right now the set-up is more than likely a stutter-step rally back toward the highs for the major indexes until the second or third week of earning season -- around July 18 -- and then the picture changes.

While second quarter earnings were probably decent for large companies due to overseas sales, low employee expenses and low interest rates, forward guidance is going to be a challenge. Already we're seeing more companies than normal cutting guidance, and now we'll have to see if investors are willing to overlook that -- or whether it will begin to matter.

Last week's baby bull market rally gave the markets a nice little pop. The Dow Jones Industrial Average rose 5.4%, the Standard & Poor's 500 Index rose 5.6%, the Nasdaq rose 6.1% and the Russell 2000 small caps rose 5.3%. Breadth was very good, at 4-to-1 in favor of advancers, as new highs surged to 414 compared to 50 new lows.

It was very curious the market rose in such spectacular fashion just as the second round of quantitative easing, or QE2, ended, because it looked exactly like the start of QE2. I'm not saying that the Federal Reserve helps engineer these rallies to make itself look good, but I will say it's an amazing coincidence. And I don't believe in coincidences.

Another notable element of the rally was that it came on virtually no company news. Got to like that surprise attack by the bulls. About the most interesting corporate action of the week was the revelation of a new stake in specialty truck maker Oshkosh Corporation (NYSE: OSK) by activist Carl Icahn. Since that's actually not particularly exciting, it just goes to show what a slow news week it was.



The only stocks that look fantastic are the defensives such asCignaCorporation (NYSE: CI) andMcDonalds Corporation (NYSE: MCD) - or the kinds of stocks that do best in the weakest conditions.
Some financial companies have shown signs of stirring following some good news on the international and domestic regulatory front.American Express Company(NYSE: AXP) is almost back to a new high, andWells Fargo & Company(NYSE: WFC) is showing a pulse, and some energy services stocks, like Core Laboratories N.V. (NYSE: CLB) are still making new highs.

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<![CDATA[ISM Manufacturing Report on Business: June 2011]]> Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that economic activity continued to expand in June and at a faster pace than in May while most other measures strengthened.

At 55.3 the purchasing manager’s composite index (PMI) declined a whopping 11.42% since April and increased 3.36% above the level seen a year earlier.

Some respondents indicated increasing pressure on prices as higher energy prices stocked inflationary forces as well as weak economic trends and Japan earthquake related disruptions:

"We continue to see inflation, though at a reduced rate [compared] to earlier months." (Chemical Products)

"Slight slowdown in overall business in both domestic and international markets, although still above 2010 at the same time." (Electrical Equipment, Appliances & Components)

"The earthquake and related issues in Japan have caused shortages of some automotive equipment, negatively impacting global automotive production." (Fabricated Metal Products)

"Sales continue to be stronger than expected across both retail and industrial channels. Material costs are definitely rising and will force increases to end-use customers." (Paper Products)

"High commodity prices continue to be worrisome." (Food, Beverage & Tobacco Products)

"Business is still up and down, with no real upside potential for us until the housing market rebounds." (Furniture & Related Products)

"Customers are still being cautious with their buying. Certain plastics and metal prices continue to rise." (Machinery)

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<![CDATA[TastyBytes Boston – Location-Based Services: Not Just For Mayors]]> <![CDATA[ISM Non-Manufacturing Report on Business: March 2011]]> Today, the Institute for Supply Management released their latest Non-Manufacturing Report on Business indicating that service related economic activity pulled back notably throughout March.

At 59.7 the business activity index weakened dropping 10.76% since February but still remaining 2.75% above the level seen a year earlier.

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<![CDATA[Stocks Plunge as Oil Nears $100 a Barrel and Gold Hits Record High]]>
The first trading day of the month is usually good to equities, but after a two-day respite, stocks went back back to broad-based declines. The sharp rise in oil prices overshadowed some encouraging corporate and economic news.

Continue reading Stocks Plunge as Oil Nears $100 a Barrel and Gold Hits Record High

Stocks Plunge as Oil Nears $100 a Barrel and Gold Hits Record High originally appeared on DailyFinance on Tue, 01 Mar 2011 16:20:00.

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