EQUITY MARKETS

US

S&P500 +0.81%(2,316.10); NASDAQ +1.19% (5,734.13); DJIA +0.99% (20,269.37)

This week’s reports:

December’s Consumer Credit Change rose by $14.16B from November’s $24.53B. The non-revolving credit, which covers loans for education and cars, has been the main source of credit growth in the past few years. Credit in this category increased $11.8 billion in December.
December’s Wholesale Inventories remained unchanged from November’s 1%.
December’s Factory Orders rose to +1.3% m/m from November’s -2.4% m/m.
February’s Michigan Consumer Sentiment Index fell to 95.7 from January’s 98.5.
Initial Jobless Claims for the week ending February 3th fell by 12K to 234K. Continuing Jobless Claims for the week ending January 27th rose by 15K to 2,078K.
US equities rallied to records for a third straight week of gains as a gauge of investor sentiment on US stocks climbed to levels unseen in more than two years and investors assessed promises from President Donald Trump for tax cuts and fiscal spending.