US

       

S&P500 +1.47% (3,066.91);   NASDAQ +1.74% (8,386.40);   DJIA +1.44% (27,347.36)

This week’s reports:

  • Q3 2019 GDP Growth Annualized (prelim.) was 1.9% versus forecasted 1.6% and Q2’s 2.0%.
  • September’s Personal Income rose 0.3% from August’s +0.5%. Personal spending rose 0.2%, the same as in August.    
  • October’s Unemployment Rate rose to 3.6% from September’s 3.5% as Non-Farm Payrolls rose by just 128K versus September’s 180K and Labor-Force Participation Rate increased to 63.3% from September’s 63.2%.
  • October’s Average Hourly Earnings rose by 0.2% from September’s zero change. Average Weekly Hours remained unchanged from September’s 34.4.
  • September’s Chicago Fed National Activity Index (CFNAI) fell to -0.45 from August’s 0.15.    
  • October’s Chicago PMI fell to 43.2 from September’s 47.1.  
  • October’s Markit Manufacturing PMI fell to 51.3 from September’s 51.5.
  • October’s ISM Manufacturing PMI rose to 48.3 from September’s 47.8.
  • September’s S&P/Case-Shiller Home Price Indices rose by 2.0% y/y, the same as in August.    
  • September’s Pending Home Sales rose 1.5% from August’s 1.4%.    
  • Initial Jobless Claims for the week ending October 25th rose by 3K to 218K. Continuing Jobless Claims for the week ending October 18th rose by 7K to 1,690K.