financials

Retail sales in the U.S. rose in February by the most in five months, reflecting broad-based gains that indicate the world’s largest economy is picking up even as gasoline costs climb.
The good news is Greece won’t default on March 20, and 10-year borrowing costs for Spain and Italy dropped below 5%. The bad news is similar-maturity Portuguese bonds still yield more than 13%.
Anadarko Petroleum rose the most in a month after announcing an Algerian tax settlement that will increase revenue by $1.8 billion in the first year.
Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today
Daily commentary by Al Brooks reviews potential bottom of trading range and possible sideways price action.
Treasuries fell as reports showed Greece is garnering enough support for the nation’s debt exchange to avoid a potential default and U.S. companies added more jobs last month.
Investors who would drool at the chance to turn a $1,000 investment into $10,000 in just a year are likely in no better position than the Greek mythological figure Tantalus
Daily commentary by Al Brooks reviews potential bottom of trading range and possible hold.
Stocks rose, rebounding from the biggest drop of 2012, while Treasuries declined after a report showed U.S. companies increased hiring and more investors signed on to a Greek debt swap