EQUITY MARKETS

US

S&P500 -0.13%(2,578.85); NASDAQ +0.47% (6,782.79); DJIA -0.27% (23,358.24)

This week’s reports:

October’s CPI rose 2.0% y/y versus September’s +2.2% y/y. Core CPI rose 1.8% y/y versus September’s +1.7% y/y.
October’s Retail Sales rose 0.2% from September’s +1.9%. Retail Sales ex Autos rose 0.1% from September’s +1.2%.
November’s NAHB Housing Market Index rose to 70 from October’s 68.
October’s Housing Starts jumped 13.7% from September’s -3.2%. Building Permits rose 5.7% from September’s -3.7%.
November’s NY Empire State Manufacturing Index fell to 19.4 from October’s 30.2.
November’s Philadelphia Fed Manufacturing Index fell to 22.7 from October’s 27.9.
September’s Business Inventories were flat from August’s +0.6%.
October’s Industrial Production rose 0.9% from September’s +0.4%. Capacity Utilization rose to 77% from September’s 76.4%.
Initial Jobless Claims for the week ending November 10^th rose by 10K to 249K. Continuing Jobless Claims for the week ending November 3^rd fell by 44K to 1,860K.

US stocks fell for a second week as concern remained about whether Trump’s tax reform could be achieved by year-end. Major indexes have also wobbled over the past several sessions as they have been hurt by a drop in the price of oil even as consumer companies have risen.