Market Insights / Don's Notebook

Don’s Notebook March 8, 2018

By Don Pratl

The early selloff in U.S. stocks Wednesday that seemed to be sparked by the resignation of Gary Cohn turned out to be short-lived, with the S&P 500 Index finishing Wednesday’s session roughly unchanged.

The focus today will be on Jobless claims, which are at historic lows, will offer a last look at the labor market ahead of tomorrow’s employment report where solid strength is the call.

At 7:45 a.m. ET, the European Central Bank announced its latest monetary policy decision, followed by comments from Mario Draghi. Today also sees the publication of the ECB’s latest quarterly projections, which are said to show continued robust growth for the Euro Zone.

Earnings announcements today include: Vail Resorts, VeriFone Systems, Hovnanian Enterprises and Peak Resorts.

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