Weekly Review 06-05-18

US

S&P500 -0.24%(2,663.42); NASDAQ +1.26% (7,209.62); DJIA -0.20% (24,262.51)

This week’s reports:

April’s Unemployment Rate fell to 3.9%, an 18-year low, from March’s 4.1%. Non-Farm Payrolls rose by 164K from March’s 135K. Labor Force Participation Rate declined to 62.8% from March’s 62.9%.
April’s Average Weekly Hours remained unchanged from March’s 34.5. Average Hourly Earnings rose by 0.1% from March’s +0.2%.
March’s Personal Income rose 0.3%, the same as in February. Personal Spending surged +0.4% from February’s zero change.
Q1 2018 Unit Labor Costs (prelim.) rose 2.7% from Q4 2017’s +2.1%. Non-Farm Productivity rose 0.7% from Q4 2017’s +0.3%.
March’s Pending Home Sales fell 4.4% y/y versus February’s -4.7% y/y.
April’s Markit Manufacturing PMI remained unchanged from March’s 56.5. Services PMI rose to 54.6 from March’s 54.4. Composite PMI rose to 54.9 from March’s 54.8.
April’s ISM Manufacturing Index fell to 57.3 from March’s 59.3. ISM Non-Manufacturing Index fell to 56.8 from March’s 58.8.
March’s Factory Orders rose 1.6%, the same increase as in February.
Initial Jobless Claims for the week ending April 27^th rose by 2K to 211K. Continuing Jobless Claims for the week ending April 20^th fell by 77K to 1,756K.

US stocks rose at the end of the week after the country’s jobless rate fell to an 18-year low; the tech and financial sectors led the surge. However, S&P500 and the DJIA finished in red for the week as the Federal Reserve kept rates on hold and there was only limited advancement in the trade talks between the US and China.