Craig Johnson’s

Market Brief

Tuesday, April 1, 2014

Stocks were able to finish the quarter yesterday with a rally. The S&P 500 and the Dow Jones Industrial Average have moved near their recent highs, while the Nasdaq Composite and more growth oriented indices still have a lot of work to do. Even with yesterday’s rally, some of the well-known growth names barely budged or even finished the day with a loss.  Gold dropped further on Monday as it nears another important support area. Friday is the release of the employment data for March.


Economic Calendar


March 31 - Monday

Chicago PMI, March (9:45): 55.9 actual versus 60.1 expected, 59.8 prior


April 1 - Tuesday

ISM Index, March (10:00): 54.1 expected, 53.2 prior

Construction Spending, February (10:00): 0.1% expected, 0.1% prior

Auto Sales, March (2:00): 5.2M prior

Truck Sales, March (2:00): 7.0M prior


April 2 - Wednesday

MBA Mortgage Index, 03/29 (7:00): -3.5% prior

ADP Employment Change, March (8:15): 215K expected, 139K prior

Factory Orders, February (10:00): 1.1% expected, -0.7% prior

Crude Inventories, 03/29 (10:30): 6.619M prior


April 3 - Thursday

Challenger Job Cuts, March (7:30): -24.4% prior

Initial Claims, 03/29 (8:30): 320K expected, 311K prior

Continuing Claims, 03/22 (8:30): 2850K expected, 2823K prior

Trade Balance, February (8:30): -$39.5B expected, -$39.1B prior

ISM Services, March (10:00): 53.5 expected, 51.6 prior

Natural Gas Inventories, 03/29 (10:30): -57 bcf prior


April 4 - Friday

Nonfarm Payrolls, March (8:30): 197K expected, 175K prior

Nonfarm Private Payrolls, March (8:30): 205K expected, 162K prior

Unemployment Rate, March (8:30): 6.6% expected, 6.7% prior

Hourly Earnings, March (8:30): 0.2% expected, 0.4% prior

Average Workweek, March (8:30): 34.4 expected, 34.2 prior

Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, and individual company web sites and press releases.   

Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice.  The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness.  References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service.  Past performance is not a guarantee of future results.