Day Trading Pre Market 5 August, page-3

Thanks Jim

U.S. stocks declined for a third day, as Apple Inc. slipped further into a correction. Apple sank 3.2 percent to a six-month low.

Almost three-quarters of the benchmark’s members have reported earnings this season, with 74 percent beating profit estimates and about half exceeding sales projections. Analysts now forecast a 2.8 percent drop in second-quarter earnings, shallower than calls for a 6.4 percent fall about three weeks ago.

Data today showed factory orders rose 1.8 percent in June from the month before, in line with forecasts from economists surveyed by Bloomberg, and rebounding from two months of declines. Reports on the services industries and monthly payrolls are also due later this week, giving investors a gauge on the strength of the economy.

The government’s jobs report Friday will show an increase of 225,000 in July, close to June’s 223,000 gain, with the unemployment rate holding at 5.3 percent, according to economists surveyed by Bloomberg

Federal Reserve policy makers have expressed a desire to see signs of a further pickup in the labor market before raising interest rates.Fed Bank of Atlanta President Dennis Lockhart said the central bank is almost ready to raise borrowing costs

The Chicago Board Options Exchange Volatility Index rose 3.5 percent to 13

Have a great day everyone