Weekly Review 08-04-18

US

S&P500 -1.38%(2,604.47); NASDAQ -2.10% (6,915.11); DJIA -0.71% (23,932.76)

This week’s reports:

March’s Unemployment Rate remained unchanged from February’s 4.1%. Non-Farm Payrolls rose by 103K from February’s +326K. Labor Force Participation fell to 62.9% from February’s 63.0%.
March’s Average Hourly Earnings rose 2.7% y/y (+0.3% m/m) versus February’s +2.6% y/y (+0.1% m/m). Average Weekly Hours remained unchanged from February’s 34.5.
February’s Consumer Credit rose by $10.60B from January’s +$15.59B. February’s increase was primarily due to growth in non-revolving debt, while revolving credit was almost unchanged.
March’s Markit Manufacturing PMI declined to 55.6 from February’s 55.7. Services PMI declined to 54.0 from February’s 54.1. Composite PMI declined to 54.2 from February’s 54.3.
March’s ISM Manufacturing Index fell to 59.3 from February’s 60.8. ISM Non-Manufacturing Index fell to 58.8 from February’s 59.5.
February’s Factory Orders rose 1.2% from January’s -1.3%.
Initial Jobless Claims for the week ending March 30^th rose by 24K to 242K. Continuing Jobless Claims for the week ending March 23^rd fell by 64K to 1,808K.