Market Happenings for Friday, March 02, 2012

Pre-market, futures are down a bit after Spain’s prime minister said his country will miss its deficit targets this year. Gainers this morning include SLE, WYNN, EP, MSI and LOW while losers include MMI, CTL, NWSA, FSLR and BIG.

The Market

A third straight up week is on the line today. Will the market end on an up beat?

Europe, Greece and now Spain on everyones mind. Maybe it’s time to take some profits.

Gas prices climbed for a 24th straight day to land at $3.74 per gallon this Friday morning,

YELP ipo will start trading today, pricing at $15 a share.

European stocks are lower in afternoon trade while Asian markets ended higher.

Hope you have a nice Friday.

Earnings Reports

Earnings reports (confirmed releases): BIG-Big Lots (earnings consensus $1.74), XLS-Exelis (0.56), GCO-Genesco (1.67), MITI-Micromet (-0.24), ACHN-Achillion Pharmaceuticals (-0.16), REN-Resolute Energy (0.12), KWR-Quaker Chemical (0.75), SMP-Standard Motor Products (0.17).

Financial Calendar

2000 ET St. Louis Fed President Bullard speaks on the “U.S. Economy in the Aftermath of the Financial Crisis”, at the BMO Bank of Montreal Lecture.

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