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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 23th rose by 2K to upwardly revised 244K. Continuing Jobless Claims for the week ending June 16th 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.


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