A company that traded at its highest on Friday and another that closed 4.4% up see the end of their quiet periods today. Wireless company UbiquiTel, a Sprint PCS (PCS) affiliate, closed up 1 1/16, or 12.7%, at 9 7/16, after reaching a high of 10. Community Health Systems (CYH) - Get Report, a health-care services provider, starts this half-day of trading at 16 3/16. Both companies last month went public to mild investor reaction, during a pessimistic market for new issues.
In the manufacturing sector, forecasts of today's market-moving
Purchasing Managers' Index
and its nine subindices suggest expansion.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 10 a.m.:
Purchasing Managers' Index for June. Source:
National Association of Purchasing Management. Forecast: 54.0. Previous: 53.2.
Construction spending for May. Source:
Census Bureau. Forecast: N/A. Previous: -0.6%.
1 p.m.: The U.S. stock and bond markets close early ahead of the Independence Day holiday.
IPO Quiet Periods Expiring
Ben Holmes, who heads
ipoPros.com subsidiary, keeps a close eye on quiet-period expirations every week. For more on quiet periods and why they matter, check out Holmes' primer on the subject. The full current quiet period expirations list is published separately.
Quiet Period End
Donaldson Lufkin & Jenrette
Community Health Systems