Good morning from the business news desk of the Star Tribune.
Stocks in Asia were lower overnight while European markets are higher and U.S. futures indicated a positive opening in New York. That's been the trend over the last few days. U.S. stocks have been trading in a fairly tight range since the start of the year and even going back into a few of the final trading days of 2013.
There's little data to riff off of today. At 9, we'll see non-manufacturing purchasing managers data from the U.S. as well as factory orders data from November. The big event comes on Friday, when the monthly employment data is issued by the Labor Department.
On this super-cold Monday morning, many businesses are playing it safe and telling workers to work from home or come in late. Schools are closed throughout Minnesota for the first time since 1997.
Minnesota investment strategist Jim Paulsen, who participated in the Star Tribune's investor roundtable last week, is featured in the morning invsstment memo from the Wall Street Journal. Read here. See Jim talking about why he's keeping an eye on money velocity here.
by Evan Ramstad, Digital...1/6/2014 2:23:48 PM
Brrrrr. Mixed/higher grain calls. US stocks are higher. US dollar is mixed. Crude & heating oil are up. Gold is a little lower this cold am.
by ADM InvestorServicesvia twitter1/6/2014 2:29:45 PM
US Equities open higher on the day – Currently, DJIA: +0.34% and S&P500: +0.31% ^CT #Stocks
Select Comfort stock is down almost 19 percent to $17.35 after the firm announced preliminary fourth-quarter results showing a decline in earnings expectations. It said fourth-quarter sales grew 5 percent but earnings per share will "be below the low end of its guidance range," which had been 18 to 26 cents per share.