Project Description



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.

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