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    TUESDAY  JUNE 22 2010

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Economic

10:00 Existing Home Sales (May): 6.10M cons.

10:00 FHFA Housing Price Index (Apr.): 0.3% prior

TOP FINANCIAL NEWS

Wall Street ends lower as China yuan euphoria fades

BUSINESS NEWS

Price Cuts Electrify E-Reader Market

After Hours Summary
 SCS, SONC drop following earnings/guidance; INXI tumbles after it announces intention to restate financials
Companies trading lower in after hours in reaction to earnings
SCS -2.5%, SONC -3.0%...
Companies trading higher in after hours in reaction to news:
CADX +2.3% (signs option agreement to acquire Incline Therapeutics; closes $30 mln debt financing), FITB +1.0% (discloses that it approved changes to the Code of Regulations; removed requirement that the President be selected from the Board), LNCR +1.4% (announces initiation of $0.20/share quarterly cash dividend)...
Companies trading lower in after hours in reaction to news:
INXI -10.1% (announces intention to restate financials), PCX -4.7% (announces closure of Harris No. 1 Mine as a result of sudden adverse geologic conditions).

Earnings

Before: CCL, CMC, GRB, JEF, WAG

After: ADBE, APOG, FUL, JBL, PRGS, RHT

Events

FED Speak: FOMC Meeting
Geithner Testifies Before Congressional Oversight Panel on TARP
FED Auction:
$40 bln 2-yr Treasury Notes Auction

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Monday Jun 21

 
 

 

 

 
 

 

 

 
Redbook
[Bullet
8:55 AM ET

 

 

 
 

 

 
New Home Sales
[Report][djStar]
10:00 AM ET

 

 

 
 

Weekly Bill Settlement

 

 
Jobless Claims
[Report][djStar]
8:30 AM ET

 

 

 

 

 

 
Money Supply
[Bullet
4:30 PM ET
 

 
GDP
[Report][Star]
8:30 AM ET

 

 
 
Equity Settlement
6-24-10
Equity Settlement
6-25-10
Equity Settlement
6-28-10
Equity Settlement
6-29-10
Equity Settlement
6-30-10

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

 Economic Indicators

Top Ten Online Business Newspapers

     1. The New York Times
     2. USA Today (money)
     3. The Washington Post (business)
     4. Los Angels Times (business)
     5The Boston Globe (business)
     6Financial Times
     7Houston Chronicle (business)
     8The Seattle Times (business)
     9Chicago Tribune (business)
   10San Francisco Chronicle (business)