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

 This weeks reports:

  • Octobers 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.
  • Octobers 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%.
  • Octobers Markit Manufacturing PMI rose to 53.4 from September’s 53.2. Octobers Markit Services PMI remained unchanged from September’s 54.8. Markit PMI Composite remained unchanged from September’s 54.9.
  • Octobers ISM Manufacturing PMI rose to 51.9 from September’s 51.5. Octobers ISM Non-Manufacturing PMI fell to 54.8 from September’s 57.1.
  • Septembers Factory Orders rose 0.3% from August’s +0.4%.
  • Septembers 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 28th rose by 7K to 265K. Continuing Jobless Claims for the week ending October 21th 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.

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