EQUITY MARKETS

US

S&P500 -0.61%(2,423.41); NASDAQ -1.99% (6,140.42); DJIA -0.21% (21,349.63)

This week’s reports:

Q1’s 2017 GDP Annualized was +1.4% versus Q4’s 2016 +1.2%.
May’s Wholesale Inventories (prelim.) rose by 0.3% from April’s upwardly revised -0.4%.
May’s Personal Income rose 0.4% from April’s downwardly revised +0.3%. Personal Spending rose 0.1% from April’s +0.4%.
June’s Michigan Consumer Sentiment Index rose to 95.1 from May’s 94.5.
April’s S&P/Case-Shiller Home Price Indices rose 5.7% y/y from March’s +5.9% y/y.
May’s Durable Goods Orders fell by 1.1% from April’s downwardly revised -0.8%. Durable Goods Orders ex Transportation rose by 0.1% from April’s upwardly revised -0.5%.
Initial Jobless Claims for the week ending June 23^th rose by 2K to upwardly revised 244K. Continuing Jobless Claims for the week ending June 16^th rose by 6K to upwardly revised 1,9442K.

US stocks climbed for the third time this week as industrials stocks led advances in every industry group in the S&P 500.
The S&P 500 has risen 8.1 percent in the first half of the year.
The US economy’s first-quarter growth was less tepid than previously reported, as consumer spending and trade added more to expansion, Commerce Department data showed Thursday.