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Today's Commentary
Friday, March 06, 2015

The Dow Jones Industrial Average (INDEXDJX:DJI) and Nasdaq Composite (COMP) both stepped back from Monday's new highs, as the latest round of auto sales data hit the Street.

In fact, a number of prominent manufacturers missed expectations, including two of Detroit's finest.

There was little else in the way of economic data, although there was plenty of news out of Washington -- including a speech from Israeli Prime Minister Benjamin Netanyahu and the House's passage of a bill to fund the Department of Homeland Security.

Looking ahead, Wednesday's docket is highlighted by ADP's employment report -- a closely watched indicator ahead of Friday's nonfarm payrolls data -- as well as the Institute for Supply Management services index.


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