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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.


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