S&P500 +0.81%(2,181.9); NASDAQ +1.61% (5,321.513); DJIA +0.11% (18,867.93)
This week’s reports:
- Q3 2016 GDP Growth Annualized (prelim.) rose by 3.2% from Q2’s +2.9%.
- November’s Unemployment Rate fell to 4.6% from October’s +4.9%. Labor Force Participation Rate fell to 62.7% from October’s 62.8%. Nonfarm Payrolls rose to 178K from October’s downwardly revised 142K.
- November’s Average Weekly Hours remained unchanged at +34.4. Average Hourly Earnings fell by 0.1% m/m from October’s +0.4% m/m.
- November’s Markit Manufacturing PMI rose to 54.1 from October’s 53.9. Markit PMI Composite (prelim.) remained unchanged from October’s 54.9.
- November’s ISM Manufacturing PMI rose to 53.2 from October’s 51.9. ISM Prices Paid remained unchanged at +54.4.
- October’s Personal Spending rose by 0.3% from September’s upwardly revised +0.7%. Personal Income rose by 0.6% from September’s upwardly revised +0.4%.
- November’s Consumer Confidence rose to 107.1 from October’s 100.8.
- September’s S&P/Case-Shiller Home Price Indices rose 5.1% y/y, the same as in August.
- Initial Jobless Claims for the week ending November 25th rose by 17K to 268K. Continuing Jobless Claims for the week ending November 18th rose by 38K to 2,081K.
- US stocks were little changed near a two-week low after November jobs data delivered a mixed picture on the strength of the labor market as investors assess the Federal Reserve’s plans to raise interest rates.