Stocks showed a notable move to the downside at the start of trading on Thursday. The major averages all moved firmly into negative territory after ending Wednesday’s trading flat to modestly higher. – Dominion Lending Centres Clearlease Reports
TORONTO – (April 14, 2011) Dominion Lending Centres Clearlease Reports After seeing considerable volatility over the course of the previous session, stocks showed a notable move to the downside at the start of trading on Thursday. The major averages all moved firmly into negative territory after ending Wednesday’s trading flat to modestly higher.
The initial weakness on Wall Street was largely due to renewed concerns about the outlook for the labor market following the release of a report from the Labor Department showing an unexpected increase in initial jobless claims in the week ended April 9th.
The report showed that initial jobless claims rose by 27,000 to 412,000 from the previous week’s revised figure of 385,000. The increase surprised economists, who had expected jobless claims to edge down to 380,000 from the 382,000 originally reported for the previous week.
Peter Boockvar, equity strategist at Miller Tabak, said, “Bottom line, while the labor market is improving, the pace remains lumpy and sustainable traction remains difficult to achieve.”
Meanwhile, a separate Labor Department report showed that U.S. producer prices increased by less than expected in March, as a drop in food prices partly offset another notable increase in energy prices.
The Labor Department said its producer price index rose by 0.7 percent in March following a 1.6 percent increase in February. Economists had been expecting a somewhat more substantial increase in producer prices of about 1.0 percent.
Excluding food and energy prices, core producer prices increased by 0.3 percent in March after edging up by 0.2 percent in the previous month. The increase in core prices was slightly bigger than the 0.2 percent increase that was expected by economists.
“While inflation pressures are clearly evident in today’s figure, the market will more focus on tomorrow’s consumer price report to see what’s been passed through,” Boockvar said.
A vast majority of the major sectors have moved to the downside in early trading, although most are showing only modest downward moves. Nonetheless, notable weakness has emerged among railroad, banking, and software stocks.
Among individual stocks, toy maker Hasbro (HAS) is trading lower after the company reported first quarter earnings that fell more than anticipated on revenues that were nearly flat year-over-year.
Hasbro reported first quarter earnings of $0.12 per share on revenues of $672.0 million compared to earnings of $0.40 per share on revenues of $672.4 million in the year-ago period. Analysts had expected the company to earn $0.17 per share on revenues of $660.4 million.
The major averages have not seen much follow-through on their initial downward moves but remain stuck in the red. The Dow is down 57.03 points or 0.5 percent at 12,213.96, the Nasdaq is down 20.81 points or 0.8 percent at 2,740.71 and the S&P 500 is down 7.52 points or 0.6 percent at 1,306.89.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
NEW YORK, NY – (April 14, 2011) Dominion Lending Centres Clearlease Reports After seeing considerable volatility over the course of the previous session, stocks showed a notable move to the downside at the start of trading on Thursday. The major averages all moved firmly into negative territory after ending Wednesday’s trading flat to modestly higher.
The initial weakness on Wall Street was largely due to renewed concerns about the outlook for the labor market following the release of a report from the Labor Department showing an unexpected increase in initial jobless claims in the week ended April 9th.
The report showed that initial jobless claims rose by 27,000 to 412,000 from the previous week’s revised figure of 385,000. The increase surprised economists, who had expected jobless claims to edge down to 380,000 from the 382,000 originally reported for the previous week.
Peter Boockvar, equity strategist at Miller Tabak, said, “Bottom line, while the labor market is improving, the pace remains lumpy and sustainable traction remains difficult to achieve.”
Meanwhile, a separate Labor Department report showed that U.S. producer prices increased by less than expected in March, as a drop in food prices partly offset another notable increase in energy prices.
The Labor Department said its producer price index rose by 0.7 percent in March following a 1.6 percent increase in February. Economists had been expecting a somewhat more substantial increase in producer prices of about 1.0 percent.
Excluding food and energy prices, core producer prices increased by 0.3 percent in March after edging up by 0.2 percent in the previous month. The increase in core prices was slightly bigger than the 0.2 percent increase that was expected by economists.
“While inflation pressures are clearly evident in today’s figure, the market will more focus on tomorrow’s consumer price report to see what’s been passed through,” Boockvar said.
A vast majority of the major sectors have moved to the downside in early trading, although most are showing only modest downward moves. Nonetheless, notable weakness has emerged among railroad, banking, and software stocks.
Among individual stocks, toy maker Hasbro (HAS) is trading lower after the company reported first quarter earnings that fell more than anticipated on revenues that were nearly flat year-over-year.
Hasbro reported first quarter earnings of $0.12 per share on revenues of $672.0 million compared to earnings of $0.40 per share on revenues of $672.4 million in the year-ago period. Analysts had expected the company to earn $0.17 per share on revenues of $660.4 million.
The major averages have not seen much follow-through on their initial downward moves but remain stuck in the red. The Dow is down 57.03 points or 0.5 percent at 12,213.96, the Nasdaq is down 20.81 points or 0.8 percent at 2,740.71 and the S&P 500 is down 7.52 points or 0.6 percent at 1,306.89.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Stocks showed a notable move to the downside at the start of trading on Thursday. The major averages all moved firmly into negative territory after ending Wednesday’s trading flat to modestly higher. – Dominion Lending Centres Clearlease Reports
TORONTO – (April 14, 2011) Dominion Lending Centres Clearlease Reports After seeing considerable volatility over the course of the previous session, stocks showed a notable move to the downside at the start of trading on Thursday. The major averages all moved firmly into negative territory after ending Wednesday’s trading flat to modestly higher.
The initial weakness on Wall Street was largely due to renewed concerns about the outlook for the labor market following the release of a report from the Labor Department showing an unexpected increase in initial jobless claims in the week ended April 9th.
The report showed that initial jobless claims rose by 27,000 to 412,000 from the previous week’s revised figure of 385,000. The increase surprised economists, who had expected jobless claims to edge down to 380,000 from the 382,000 originally reported for the previous week.
Peter Boockvar, equity strategist at Miller Tabak, said, “Bottom line, while the labor market is improving, the pace remains lumpy and sustainable traction remains difficult to achieve.”
Meanwhile, a separate Labor Department report showed that U.S. producer prices increased by less than expected in March, as a drop in food prices partly offset another notable increase in energy prices.
The Labor Department said its producer price index rose by 0.7 percent in March following a 1.6 percent increase in February. Economists had been expecting a somewhat more substantial increase in producer prices of about 1.0 percent.
Excluding food and energy prices, core producer prices increased by 0.3 percent in March after edging up by 0.2 percent in the previous month. The increase in core prices was slightly bigger than the 0.2 percent increase that was expected by economists.
“While inflation pressures are clearly evident in today’s figure, the market will more focus on tomorrow’s consumer price report to see what’s been passed through,” Boockvar said.
A vast majority of the major sectors have moved to the downside in early trading, although most are showing only modest downward moves. Nonetheless, notable weakness has emerged among railroad, banking, and software stocks.
Among individual stocks, toy maker Hasbro (HAS) is trading lower after the company reported first quarter earnings that fell more than anticipated on revenues that were nearly flat year-over-year.
Hasbro reported first quarter earnings of $0.12 per share on revenues of $672.0 million compared to earnings of $0.40 per share on revenues of $672.4 million in the year-ago period. Analysts had expected the company to earn $0.17 per share on revenues of $660.4 million.
The major averages have not seen much follow-through on their initial downward moves but remain stuck in the red. The Dow is down 57.03 points or 0.5 percent at 12,213.96, the Nasdaq is down 20.81 points or 0.8 percent at 2,740.71 and the S&P 500 is down 7.52 points or 0.6 percent at 1,306.89.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###