Project Description
EQUITY MARKETS
US
S&P500 +0.67%(2,383.12); NASDAQ +0.44% (5,870.75); DJIA +0.88% (21,005.71)
This week’s reports:
- Q4’s 2016 GDP (prelim.) was +2% versus Q3’s +2.1%.
- February’s Markit Manufacturing PMI fell to 54.2 from January’s 54.3. Markit PMI Composite fell to 54.1 from January’s 55.3. Markit Services PMI fell to 53.8 from January’s 53.9.
- February’s ISM Manufacturing PMI rose to 57.7 from January’s 56. ISM Non-Manufacturing PMI rose to 57.6 from January’s 56.5.
- January’s Wholesale Inventories (prelim.) fell by 0.1% from December’s +1%.
- January’s Personal Spending rose by 0.2% from December’s +0.5%.
- January’s Personal Income rose by 0.4% m/m from December’s +0.3% m/m.
- February’s Consumer Confidence rose to 114.8 from January’s downwardly revised +111.6.
- December’s S&P/Case-Shiller Home Price Indices rose 5.6% y/y versus November’s +5.2% y/y.
- January’s Durable Goods Orders rose by 1.8% from December’s -0.8%. Durable Goods Orders ex Transportation fell by 0.2% from December’s +0.9%.
- Initial Jobless Claims for the week ending February 24th fell by 19K to 223K. Continuing Jobless Claims for the week ending February 17th rose by 3K to 2,066K.
- US stocks were little changed Friday as investors assessed Federal Reserve chair Janet Yellen’s intention to hike rates at the central bank’s March meeting.
- The S&P 500 Index ended less than 0.1 percent higher at 2,383.12 at 4 p.m. in New York, while the Dow Jones Industrial Average added 3 points to 21,005.71.