Monday, March 5, 2012

Mid-Day Headlines

Here are a few of the more interesting headlines halfway through the trading session.

  • Chinese auto sales fall by 3% year-over-year in February - the worst number since a drop of 8.95 in 2005
  • January Factory Orders fall by 1%, but the number is better than the estimate of -1.6%
  • February ISM Non-Manufacturing came in at 57.3, beating last month and the estimates
  • iPath Cotton ETN ($BAL) last up 6% on the day after India banned all exports of the commodity
  • China cuts its growth target for 2012 to 7.5% from 8%, a number that has been the estimate since 2005
  • S&P 500 Leaders: $AIG, $BIG, $CSC, $WPX, $LEG
  • NASDAQ Leaders: $GRMN, $ORCL, $DLTR, $ORLY, $BBBY

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