Weekly Review 5-04-2020

S&P500 -2.08% (2,488.65); NASDAQ -1.72% (7,373.08); DJIA -2.70% (21,052.53)

This week’s reports:

March’s Unemployment Rate jumped to 4.4% from February’s 3.4% as Non-Farm Payrolls fell 701K, their first decline since 2010. Labor Force Participation Rate fell to 62.7% from February’s 63.4%.
March’s Average Hourly Earnings rose 3.1% y/y versus February’s 3% y/y. Average Weekly Hours fell 34.2 from February’s 34.4.
Initial Jobless Claims for the week ending March 26^throse by 3,365K, their biggest weekly increase ever, to 6,648K. Continuing Jobless Claims for the week ending March 20^throse by 1,245K to 3.029M.
March’s CB Consumer Confidence Index dropped to a three-year low of 120 from February’s 132.6.
March’s Markit Manufacturing PMI fell to 48.5 from February’s 50.7. Services PMI fell to 39.8 from February’s 49.4. Composite PMI fell to 40.9 from February’s 49.6.
March’s ISM Manufacturing PMI fell to 49.1 from February’s 50.1. ISM Non-Manufacturing PMI fell to 52.5 from February’s 57.3.
March’s Dallas Fed Manufacturing Index tumbled to -70 from February’s reading of 1.2.
March’s Chicago PMI fell to 47.8 from February’s 49.
March’s ISM-NY Business Conditions Index tumbled to 12.9 from February’s 51.9.