Wall Street Strategies
Hello! Sign in or Register


Afternoon Note

Modest Gain

By Charles Payne, CEO & Principal Analyst
3/9/2017 1:24 PM
Take a Free Trial
Try Charles' premium stock selection services free for 14 days. Check it out in real time! You will get actionable advice, trading ideas and email alerts.

The markets have modest gains despite the decline of 7% in crude oil over the past two days.  Natural gas is doing the opposite of oil, up about 2% as inventories showed a larger than expected withdrawal of 64 billion cubic feet.  This is still lower than 5 year average, showing a decline of 136 billion cubic feet. 

As all eyes are on tomorrow’s release of the February non-farm payroll report,  initial claims for the week ending March 4 were up 20,000 to 243,000; and the 4 week moving average increased by 2000 to 236,5000.  While there was an uptick, this is still the 105th straight week with claims below 300,000.


 

Add Your Comment


Submitted comments are subject to moderation before posting.


Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.