Indices take back losses plus

Index & Sector performance 5/22/14

The Market:

Overall today was a quiet day in the market which saw green across the entire WSC Scoreboard with the Dow and NASDAQ leading the charge followed closely by the S&P and finally the Russell 2000 which is getting use to lagging.  At 2pm EDT the FOMC minutes were released and discussed risks to the economy including U.S. housing, the Russia-Ukraine situation, and China’s economic slow down but this news did not appear to bother traders.

Tomorrow is be the biggest economic data day of the week which includes Unemployment Claims and Existing Home Sales.  Earnings reports continue and will play a role in individual stocks but it is unlikely that any statements made will affect the broad market.

Without a clear catalyst to the downside, the markets can choose to use this uneventful week to drift higher.

Economic Data week of 5/19/14

Reporting EPS 5/22/14 Pre-Market:

Companies reporting EPS 5/22/14 pre-market

Analyst Comments:

Upgrades 5/21/14

Downgrades 5/21/14

Initiations 5/21/14

Price Target Changes 5/21/14