EQUITY MARKETS

US

S&P500 -1.94%(2,085.18); NASDAQ -2.77% (5,046.37); DJIA -1.50% (17,888.28)

This week’s reports:

October’s Unemployment Rate fell to 4.9% from September’s 5.0%. Labor Force Participation Rate fell to 62.8% from September’s 62.9%. Nonfarm Payrolls fell to 161K from September’s upwardly revised 191K.
October’s Average Weekly Hours remained unchanged at +34.4. Average Hourly Earnings rose 0.4% from September’s +0.2%.
Q3 2016 Unit Labor Costs (prelim.) rose by 0.3% from Q2’s +3.9%. Q3 2016 Non-farm Productivity rose 3.1% Q2’s -0.2%.
October’s Markit Manufacturing PMI rose to 53.4 from September’s 53.2. October’s Markit Services PMI remained unchanged from September’s 54.8. Markit PMI Composite remained unchanged from September’s 54.9.
October’s ISM Manufacturing PMI rose to 51.9 from September’s 51.5. October’s ISM Non-Manufacturing PMI fell to 54.8 from September’s 57.1.
September’s Factory Orders rose 0.3% from August’s +0.4%.
September’s Personal Spending rose by 0.5% from August’s -0.1%. Personal Income rose by 0.3% from August’s +0.2%.
Initial Jobless Claims for the week ending October 28^th rose by 7K to 265K. Continuing Jobless Claims for the week ending October 21^th fell by 14K to 2,026K.

The S&P 500 Index extended its longest losing streak in more than three decades, as positive economic data bolstered speculation interest rates will rise before year-end and investors remained wary before the looming presidential election.