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Today's Commentary
 
Thursday, March 30, 2017


Dow Jones Industrial Average (DJIA) futures are pointing to another lower start for stocks, sitting just below fair value. This morning's final reading for fourth-quarter gross domestic product (GDP) was revised higher to 2.1%, edging out previous estimates of 1.9% growth, with consumer spending also upwardly revised, to a 3.5% increase. Meanwhile weekly jobless claims fell by 3,000 to 258,000 -- higher than predicted -- while the four-week average rose to 245,250, which is the highest level seen this year. The large-cap index has finished nine of the past 10 sessions in the red, but could still eke out a weekly win, while the tech-heavy Nasdaq Composite (COMP) is on pace for a flat open, and could extend its winning streak to a fifth day.

 
  


 
 
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