Project Description

US

S&P500  -1.25% (3,337.75);   NASDAQ  -1.59% (9,576.59);   DJIA  -1.38% (28,992.41)

This week’s reports:

  • February’s Markit Manufacturing PMI (prelim.) fell to 50.8 from January’s 51.9. Services PMI (prelim.) fell to 49.4 from January’s 53.4. Composite PMI (prelim.) fell to 49.6, its lowest in more than six years, from January’s 53.3.
  • February’s Philadelphia Fed Manufacturing Index rose to 36.7 from January’s 17.
  • February’s NY Empire State Manufacturing Index rose to 12.9 from January’s 4.8.
  • February’s NAHB Housing Market Index fell to 74 from January’s 75.
  • January’s Existing Home Sales fell 1.3% from December’s +3.9%.
  • January’s Housing Starts fell 3.6% from December’s +17.7%. Building Permits rose 9.2% from December’s -3.7%.
  • Initial Jobless Claims for the week ending February 14th rose by 4K to 210K. Continuing Jobless Claims for the week ending February 7th rose by 25K to 1.726M.