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S&P500  +1.51%(2,351.16); NASDAQ  +1.82% (5,838.58); DJIA  +1.75% (20,624.05)


This week’s reports:

  • January’s CB Leading Indicator rose by 0.6% from December’s +0.5%.
  • February’s Philadelphia Fed Manufacturing Survey rose to 43.3 from January’s +23.6.
  • February’s NY Empire State Manufacturing Index rose to 18.7 from January’s +6.5.
  • January’s CPI rose by 2.5% y/y versus December’s +2.5% y/y. Core CPI rose by 2.3% y/y versus December’s +2.2% y/y.
  • December’s Business Inventories rose by 0.4% from November’s +0.7%.
  • January’s Industrial Production fell 0.3% from December’s +0.8%. Capacity Utilization fell to 75.3% from December’s +75.5%
  • February’s NAHB Housing Market Index fell to 65 from January’s 67.
  • January’s Housing Starts rose to 1.246M from December’s 1.226M. Building Permits rose to 1.285M from December’s upwardly revised 1.228M.
  • January’s Retail Sales rose 0.4% from December’s upwardly revised +1%. Retail Sales ex Autos rose 0.8% from December’s upwardly revised +0.4%.
  • Initial Jobless Claims for the week ending February 10th rose by 512K to 239K. Continuing Jobless Claims for the week ending February 3th fell by 3K to 2,076K.
  • Most US stocks rose, taking the S&P 500 Index to a fresh record amid deal action ahead of the holiday weekend.
  • The S&P 500 erased declines in late trading to cap its fourth straight weekly advance, the longest run since July. It’s gained in eight of the past nine days.
  • Stocks are pausing a rally as investors go back and forth assessing the prospects for President Donald Trump’s economic plans and the timing of US interest-rate increases.


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