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Subject: disappointing==Monday 28/11/2011 Friday March 16th 2012


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index of consumer confidence unexpectedly fell in March.
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Date Posted: 12:48:54 03/16/12 Fri

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March 16, 2012, 3:35 p.m. EDT

U.S. stock indexes steady after mixed data
Consumer confidence drops in March; consumer prices rise in Feb.Stories You Might Like
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By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stock indexes were virtually flat Friday, curbing weekly gains, after an index of consumer confidence unexpectedly fell in March.

“The data was mildly disappointing, but it’s important not to read too much into one number. There was nothing too concerning considering the strong data we’ve seen over the last couple of weeks,” said Brad Sorensen, director of market and sector analysis at the Schwab Center for Financial Research.

Up 2.5% for the not-yet-ended week, the Dow Jones Industrial Average /quotes/zigman/627449 DJIA -0.04% fell 4.17 points, or less than 0.1%, to 13,248.59.

The S&P 500 /quotes/zigman/3870025 SPX +0.15% added 1.25 point to 1,403.85, with energy leading sector gains and utilities losing the most ground among its 10 major industry groups. The index was up 2.4% from the week-ago close.

Click to Play U.S. stocks react to economic dataStock futures advanced after a reading on consumer prices rose, as investors look ahead to reports on industrial production and consumer sentiment, Polya Lesova reports on Markets Hub.
The Nasdaq Composite /quotes/zigman/123127 COMP -0.03% declined 3.06 points, or 0.1%, to 3,053.31, readying it for a weekly gain of 2.2%.

Shares of Apple Inc. /quotes/zigman/68270/quotes/nls/aapl AAPL -0.13% wavered between gains and losses as the technology giant’s third-generation iPad went on sale Friday.

For every seven stocks advancing eight fell on the New York Stock Exchange, where 885 million shares traded as of 3:20 p.m. Eastern.

Crude prices rose, with oil futures for April delivery /quotes/zigman/2203138 CLJ2 +1.95% rising $1.95 to end at $107.06 a barrel on the New York Mercantile Exchange.

“We can of course point our finger directly at gasoline prices, which are up another seven cents week over week,” said Miller Tabak equity strategist Peter Boockvar, referring to the University of Michigan/Thomson Reuters sentiment gauge. The index’s preliminary reading for March had confidence dipping to 74.3 in March, its first decline since August.

But, “energy costs for the consumer are not what it would seem with the increase in gas prices,” said Sorensen, who adds that the rise in prices at the pump has been offset by the sharp drop in the cost of natural gas. Read more about natural-gas prices.

Americans also spent less heating their homes during the mild winter, and are already driving less to reduce the money spent filling their tanks, Sorensen noted.

Ahead of the opening bell, the Labor Department reported consumer prices rose less than expected last month, rising 0.4% versus expectations of a 0.5% increase. Core prices that remove volatile food and energy costs rose 0.1% versus expectations of a 0.2% uptick.

“The CPI is for many, the all-important measure of consumer prices throughout the economy and when viewed that way, the less-than-expected gain in core prices will be a welcome development,” said Dan Greenhaus, chief global strategist at BTIG LLC.

Other economic reports Friday had the Federal Reserve reporting the output of U.S. factories, mines and utilities held flat in February, while January production was revised to a 0.4% increase from an initial estimate of unchanged. Read how details strong than headline.

/quotes/zigman/627449 Add to portfolio DJIA Dow Jones Industrial Average 13,247.80 -4.96 -0.04% Volume: 264.50mMarch 16, 2012 3:44p
/quotes/zigman/3870025 Add to portfolio SPX S&P 500 Index 1,404.73 +2.13 +0.15% Volume: 842.77mMarch 16, 2012 3:44p
/quotes/zigman/123127 Add to portfolio COMP NASDAQ Composite Index 3,055.40 -0.97 -0.03% Volume: 0.00March 16, 2012 3:44p
/quotes/zigman/68270/quotes/nls/aapl Add to portfolio AAPL Apple Inc. $ 584.78 -0.78 -0.13% Volume: 24.63mMarch 16, 2012 3:44p
/quotes/zigman/2203138 Add to portfolio CLJ2 Crude Oil - Electronic (NYMEX) Apr 2012 $ 107.16 +2.05 +1.95% Volume: 175,850March 16, 2012 3:34p
Kate Gibson is a reporter for MarketWatch, based in New York.


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[what's this]Comments on this story
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DudePossideo 8 minutes ago+2 Votes Request sentBanks are told to pump it using fresh money from Fed. Reply Link Track Replies Report Abuse tarn 6 minutes ago+3 Votes Request sentMarket due for a sizeable correction.

Hopefully only to rising trend line.

But you never know.

This thing has gone up thousands of points with no correction.

Way too early to be making new recent highs every other day. Reply Link Track Replies Report Abuse freetradedead 1 minute ago0 Votes Request sentI figure the insiders have run it up....the volume was high today so they distributed lots of stock...it should be down Mon.....so they can start all over again..... Reply Link Track Replies Report Abuse chriscarter 5 minutes ago+1 Vote Request sentI'm shorting BAC in the last 5 minutes. The emperor has no clothes. Reply Link Track Replies Report Abuse bigfootpi 1 minute ago+1 Vote Request senthe may have no clothes but he employs the greatest ILLUSIONISTS in ALL the land! ;) Reply Link Track Replies Report Abuse whaler 4 minutes ago0 Votes Request sentwow look at that DOW PLUNGE a whole 0.08% !!

We have rarely seen such a great buying opp!!
Reply Link Track Replies Report Abuse bigfootpi 2 minutes ago0 Votes Request sentfyi - if NASDAQ closes negative (sub 3056) theres a sell signal on it

Reply Link Track Replies Report Abuse animalinstinct 1 minute ago0 Votes Request sentEven if DJIA misses the "8 Straight," all it has to do is etch out 6 points a day on average to get to 14K by mid October. That's the plan, ain't it? Reply Link Track Replies Report Abuse « « ‹ ‹
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3:35pU.S. stock indexes steady after mixed data

3:31pOil tops $107 but notches weekly loss

3:20pTreasurys fall to end worst week since July

3:13pMixing gasoline and politics

3:00pFed's Evans supports more easing despite data

2:51pBREAKING

Crude above $107 a barrel, reducing weekly loss

2:51pGlobal, corporate bonds better than Treasurys: Franklin Templeton CIO

2:43pApple flat, but Research In Motion jumps 5%

2:42pDollar falls after U.S. data

2:41pCoal firms bouncing back from multiyear lows

2:41pGold futures fall, log a weekly loss of 3.3%

2:39pBREAKING

Crude futures close week with 0.3% loss

2:38pBREAKING

April crude closes up $1.95 at $107.06 a barrel

2:26pRadio Update: Gas prices weigh on consumers

2:24pWill boring smartphone designs bring subsidies down?

2:04pGold ends lower, logs 3.3% weekly loss

2:02pGingrich says he's not depending on Adelson

2:01pIRS gives you more time to pay tax bill

1:59pApril gold ends at $1,655.80/oz, down $3.70

1:58pBREAKING

Gold futures fall 0.2% on day, down 3.3% on week

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News article (NT)efficient to spam==week 1112:52:52 03/16/12 Fri
Open 176.5==low 175==high 178==volume=7,004,251=Vwap=176.25Friday 16/3/2012==Algorithms internet efficient11:21:46 03/17/12 Sat
Calendar week 11==day 76 (NT)Friday 16/3/201211:23:57 03/17/12 Sat


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