| Today's Economic Calendar (Wednesday, February 22, 2012) | | | | Time | Release | Actual | Expected | Prior | Period | | 7:00 AM | MBA Mortgage Index | -4.5% | NA | -1.0% | 02/18 | | 10:00 AM | Existing Home Sales | 4.57M | 4.63M | 4.38M | Jan | | | | Tomorrow | | 8:30 AM | Initial Claims | - | 355K | 348K | 02/18 | | 8:30 AM | Continuing Claims | - | 3450K | 3426K | 02/11 | | 10:00 AM | FHFA Housing Price Index | - | NA | 1.0% | Dec | | 11:00 AM | Crude Inventories | - | NA | -0.171M | 02/18 |
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Today's Market
| Asset | Change | Price | | The S&P 500 | down | -4.55 | -0.33% | 1357.66 | | 10-yr Treas yield | down | -0.04 | -1.96% | 2.005% | | GLD | up | +1.93 | +1.13% | 172.95 | | SLV | up | +0.06 | +0.18% | 33.44 |
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| What is Moving the Equities Market? | | | Greece gets downgraded by analysts at Fitch | | | Dollar displays strength (especially against sterling pound) |
 | | | | Strong Industries | | | oil and gas equipment and services; commercial printing; computer software and services | | | | Weak Industries | | | automakers; investment banks and brokerages; diversified banks and financial services; wireless telecommunication and equipment | | |
| Today's Headlines | | | S&P Tech Sector Trades Modestly Lower, Basically In-line With the Broader Market | | | Gains in Existing Home Sales Mask Large Negative Revisions | | | Sourcefire Up 22% On Earnings/Guidance Results | | | Brocade Over 4% Higher On Earnings/Guidance Results | | | Dell Down 6% On Earnings/Guidance Results | | | MGM Resorts among cos set to report earnings before the open on Wednesday | | | Dell trades lower after hours following earnings |
| What is Moving the Bond Market? | | | MBA Mortgage Index: Actual -4.5%, prior -1.0% | | | Existing Home Sales: Actual 4.57M, consensus 4.63M, prior 4.61M (revised 4.38M) | | | Treasury auctions $35B 5-yr notes, draws 0.900% |
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