S&P500 +3.08%(2,259.53); NASDAQ +3.59% (5,444.50); DJIA +3.06% (19,756.85)
This week’s reports:
October’s Consumer Credit Change fell to $16.02B from September’s $21.80B. The growth in credit was led by revolving debt.
- Q3 2016 Unit Labor Costs rose by 0.7% from Q2’s +0.3%.
- December’s Michigan Consumer Sentiment Index rose to 98 from November’s 93.8.
- November’s Markit PMI Composite remained unchanged from October’s 54.9. Markit Services PMI fell to 54.6 from October’s 54.7.
- November’s ISM Non-Manufacturing PMI rose to 57.2 from October’s 54.8.
- October’s Wholesale Inventories remained unchanged from September’s -0.4%.
- October’s Factory Orders rose by 2.7% from September’s +0.6%.
- Initial Jobless Claims for the week ending December 2th fell by 10K to 258K. Continuing Jobless Claims for the week ending November 25th fell by 78K to 2,005K.
- The S&P 500 extended its rally to the longest since June 2014 as benchmark indexes added to all-time highs, with health-care shares and consumer staples taking a turn pacing gains.
- Donald Trump’s election has fueled one of the broadest rallies in history as the number of stocks making new highs on the New York Stock Exchange climbed to the highest on a closing basis since May 2013.