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S&P500  +1.70%(2,276.98); NASDAQ  +2.56% (5,521.06); DJIA  +0.1% (19,963.8)


This weeks reports:

  • December’s Unemployment Rate rose to 4.7% from November’s 4.6%. Labor Force Participation Rate rose to 62.7% from November’s downwardly revised 62.6%. Nonfarm Payrolls fell to 156K from November’s upwardly revised 204K.
  • December’s Average Weekly Hours remained unchanged at +34.3. Average Hourly Earnings rose to 0.4% from November’s -0.1%.
  • December’s Markit Manufacturing PMI rose to 54.3 from November’s 54.2. Markit Services PMI rose to 53.9 from November’s 53.4. Markit PMI Composite rose to 54.1 from November’s 53.7.
  • December’s ISM Manufacturing PMI rose to 54.7 from November’s 53.2. December’s ISM Non-Manufacturing PMI remained unchanged at +57.2.
  • November’s Factory Orders fell to -5.4% m/m from October’s +2.8%.
  • Initial Jobless Claims for the week ending December 30h fell by 28K to 235K. Continuing Jobless Claims for the week ending December 23th rose by 16K to 2,112K.
  • US stocks advanced, reversing an earlier decline as the Dow Jones Industrial Average flirted with 20,000 for nearly four hours. Equities also got a boost from government data showing that wages in December increased the most since 2009.

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