Data to Watch on the Dow
By SmallStocks on Oct 16, 2008 in USA
Update @ 3:30AM: Oil has fallen significantly to below $70 USD, market improving.
Update: Market opens significantly lower on Philadelphia News
A quick post to let you know that you need to be watching the fundamental economic data being released in the US on Thursday. Releases on weekly jobless claims, consumer prices for September, industrial production for September and the NAHB housing index for October are all going to be hitting the market. While U.S Future stocks have ended slightly higher on Thursday - this plether of economic data may reverse any gains made in the futures markets.
On the positive side of things, there may be - and I say may be - news of forthcoming rate cuts in the States, and other countries, which may spur the market upwards. Keep a close watch on the Dow Jones (DJI) in early trading.
