- The Conference Board Consumer Confidence report rose to 95.4 in May, beating estimates for 95.1
- New home sales rose +6.8% in April to a seasonally adjusted annual rate of 517k, beating estimates for 510k
- The S&P/Case-Shiller composite index of 20 metropolitan areas rose 5% in March on a year-over-year basis, beating estimates for a +4.7% gain
- Pending home sales rose +3.4% in April, the highest in 9 years, and beat estimates for 0.8%
- Transports hit a new low for the year
- U.S. GDP contracted by 0.7%…With rates at zero
- The Chicago PMI unexpectedly fell to 46.2 in May, missing estimates for 53.1
- Durable goods fell -0.5% in April, with the Fed keeping rates at zero
- Markit’s Flash PMI (Purchasing Managers Index) for the services sector slid for a third straight month in May to 56.4, missing estimates for 56.5
- The Richmond Fed Manufacturing Index remained soft, at 1, matching estimates for 1
- The Dallas Fed Manufacturing survey plunged to -20.8, missing estimates for -10.0
Stocks in China: Still Too Hot to Handle?
Investor’s Edge: 05/28/2015 Listen to todays show by clicking here.
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