Daily Data Flow: U.S. Stocks Rise as Earnings Season Starts; Dollar Beats Euro on Fed Speculation; Nationwide Retail Sales Disappoint

Daily Data Flow

U.S. Stocks Rise as Earnings Season Starts (Bloomberg)

Stocks rose today for the eighth session in a row, giving the S&P 500 its best winning streak since January. Expect further gains to be contingent upon the quality of earnings reports released in the next few days. “Many companies are lowering expectations before we get into the quarter on the hope that they beat them,” Michael Mullaney, chief investment officer for Fiduciary Trust Co. in Boston, said. “We don’t know how much longer companies can get blood from the stone.”

Dollar Rises Following Selloff, Outlook Contingent on Bernanke (Reuters)

The dollar climbed against both the euro and yen today, as traders said last week’s selloff was overdone. They claim this because the Federal Reserve still seems likely to be the first to wean away from its monetary stimulus policy. “If he (Bernanke) reiterates his comments from last week, I think we’re going to see a little bit more dollar weakness across the board as bets on a September wind-down of QE start looking a little bit further from the truth,” said Andrew Dilz, foreign currency trader at Tempus Inc in Washington.

Economy Vacillating: Retail Sales Weak while N.Y. Manufacturing Strong (CNBC)

More paradoxical news today on the state of the economy: retail sales last month rose less than expected (indicating an economic slowdown), while a separate report showed that growth in New York’s manufacturing sector accelerated. Further, the Commerce Department said on Monday that retail sales increased 0.4 percent due to automobile demand; however, sales of building materials fell. Economists predicted a 0.8 percent gain in retail sales for June.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor