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To: Poet who wrote (1022)5/31/2000 11:46:00 AM
From: SecularBull  Read Replies (1) | Respond to of 10876
 
It was negotiated. I do not know about the "one good trader" part!

LoF



To: Poet who wrote (1022)5/31/2000 12:21:00 PM
From: TradeOfTheDay  Respond to of 10876
 
(COMTEX) A: Leading indicators slip
A: Leading indicators slip

NEW YORK, May 31 (UPI) -- The Conference Board said Wednesday its key measure of
future economic activity slipped 0.1 percent in April after rising 0.1 percent
in March.

Most economists on Wall Street were expecting the board's measure of the leading
economic indicators to rise 0.1 percent during the month.

The board said the decline in the index, which is a key U.S. economic
forecasting gauge designed to forecast trends in the economy six to nine months
in advance, was driven by manufacturers' new orders for consumer goods and
materials and the interest-rate spread.

"The biggest risk to the ongoing expansion, which in June will be in its record
111th month, remains the interest-rate increases at hand and the prospect of
still more action by the Federal Reserve Board," said Conference Board economist
Ken Goldstein.

"The data suggests that some sectors may be beginning to respond to Fed
tightening," Goldstein added.

The Conference Board also said its composite index of coincident indicators,
designed to reflect current economic activity, rose 0.5 percent to 115.2 in
April, after climbing a 0.4 percent in March to 114.6.

The board said gains in employment, income, and industrial production continue
to drive the coincident index ahead.

The board also reported the index of lagging indicators, designed to show past
economic activity, rose 0.6 percent in April to 104.6, after falling a revised
0.1 percent in March to 104.0.

The board said five of the 10 indicators that make up the leading index rose in
April.

The positive contributors to the index, from largest to smallest, were money
supply (M2), average weekly manufacturing hours, vendor performance, stock
prices, and consumer expectations.

The largest negative contributors to the leading index in April were
manufacturers' new orders for consumer goods and materials and the interest rate
spread.___________