Pfizer (PFE) reported earnings of 0.43 per share compared to 0.33 a year ago. Earnings were 0.62 per share excluding one-time items. Analysts were expecting 0.54 per share.
The Fed meeting starts today and ends tomorrow with an announcement at 11:15 am PDT here in the Wild West.
European markets were mixed in afternoon trading and Asian markets ended mixed.
Looks like we are still waiting on words from the Fed and ECB.
Data through May 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, showed that average home prices increased by 2.2% in May over April for both the 10- and 20-City Composite.
Earnings reports: PFE-Pfizer (Consensus $0.54), SCCO-Southern Copper (0.62), TYC-Tyco International Ltd. (0.93), HCP-HCP Inc. (0.47), ECL-Ecolab (0.72), DISCA-Discovery Communications (0.70), ADM-Archer-Daniels Midland (0.61), COH-Coach (0.85), CMI-Cummins (2.38), PEG-Public Service Enterprise Group (0.45), ALL-Allstate (0.52), MPC-Marathon Petroleum (2.51), EIX-Edison International (0.32), VLO-Valero Energy (1.43), ETR-Entergy (1.62), AET-Aetna (1.25).
0745 ET ICSC (Int’l Council of Shopping Centers) weekly retailer sales.
0830 ET Q2 employment cost index expected +0.5%, Q1 +0.4%.
0830 ET June personal income expected +0.4%, May +0.2% m/m. June personal spending expected +0.1% m/m, May unch m/m.
0830 ET June PCE deflator expected unch m/m and +1.7% y/y, May -0.2% m/m and +1.5% y/y. June PCE core deflator expected +0.2% m/m and +1.8% y/y, May +0.1% m/m and +1.8% y/y.
0855 ET Redbook weekly retailer sales.
0900 ET May S&P/Case-Shiller 20-city composite home price index expected +0.4% m/m and -1.5% y/y, Apr +0.67% m/m and -1.9% y/y.
0945 ET July Chicago purchasing managers index expected -0.4 to 52.5, June +0.2 to 52.9.
1000 ET July U.S. consumer confidence (Conference Board) expected -0.6 to 61.4, June -2.4 to 62.0.
1130 ET Weekly 4-week T-bill auction.
1630 ET API weekly U.S. oil statistics.