S&P500 +0.63%(2,399.29); NASDAQ +0.88% (6,100.76); DJIA +0.32% (21,006.94)
This week’s reports:
- March’s Consumer Credit Change rose to $16.43B from February’s downwardly revised $13.75B and above market expectations of $14 billion. Revolving credit was little changed, while non-revolving credit increased at an annual rate of 5.5 percent .
- April’s Unemployment Rate fell to 4.4% from March’s +4.5%. Labor Force Participation Rate fell to 62.9% from March’s +63%. Nonfarm Payrolls rose sharply to 211K from March’s downwardly revised +79K.
- April’s Markit Manufacturing PMI remained unchanged from March’s +52.8 Markit PMI Composite rose to 53.2 from March’s +52.7. Markit Services PMI rose to 53.1 from March’s +52.5.
- April’s ISM Manufacturing PMI fell to 54.8 from March’s +57.2. ISM Non-Manufacturing PMI rose to 57.5 from March’s +55.2.
- April’s Average Weekly Hours remained unchanged from March’s +34.3. Average Hourly Earnings fell to 2.5% y/y from March’s +2.7% y/y.
- March’s Factory Orders rose by 0.2% m/m from February’s upwardly revised +1.2% m/m.
- March’s Personal Spending remained unchanged from February’s +0.1%.
- March’s Personal Income rose by 0.2% m/m from February’s +0.3% m/m.
- Initial Jobless Claims for the week ending April 28th fell by 19K to +238K. Continuing Jobless Claims for the week ending April 21th fell by 23K to 1,964K.
- US stocks climbed after jobs data showed a rebound in payrolls and energy shares recovered as oil prices remained volatile after dropping below $45 a barrel for the first time since November.
- The S&P 500 added 0.4 percent to 2,399 at 4 p.m. in New York. The benchmark has moved in a tight range this week, despite relatively strong corporate results.