US

S&P500 -0.29%(2,941.76); NASDAQ -0.32% (8,006.24); DJIA -0.45% (26,599.96)

 

This week’s reports:

  • June’s Michigan Consumer Sentiment Index rose to 98.2 from May’s 97.9.
  • June’s Conference Board Consumer Confidence Index fell to 121.5 from May’s 131.3.
  • May’s Personal Income rose 0.5% from April’s +0.5%. Personal Spending rose 0.4% from April’s +0.6%.
  • April’s S&P/Case-Shiller Home Price Indices rose 2.5% y/y versus March’s +2.6% y/y.
  • May’s New Home Sales fell 7.8% from April’s -3.7%. Pending Home Sales rose 1.1% from April’s -1.5%.
  • May’s Chicago Fed National Activity Index rose to -0.05 from April’s -0.48.    
  • June’s Richmond Fed Manufacturing Index fell to 3 from May’s reading of 5.
  • June’s Chicago PMI fell to 49.7 from May’s 54.2.
  • May’s Durable Goods Orders fell 1.3% from April’s -2.8%. Durable Goods Orders ex Transportation rose 0.3% from April’s -0.1%.  
  • Initial Jobless Claims for the week ending June 21st rose by 10K to 227K. Continuing Jobless Claims for the week ending June 14th rose by 22K to 1,688K.

 

  • US stocks finished the week with a small decline as investors took profits and uncertainty over US-China trade dispute affected sentiment. Still, the S&P 500 posted its best first half-year in 22 years, surging 17.3% so far in 2019. Stocks also posted their second straight quarter of gains, rising 3.4% in Q2 2019.