S&P500 -0.15%(2,271.31); NASDAQ -0.34% (5,555.3); DJIA -0.29% (19,827.25)
This week’s reports:
- January’s Philadelphia Fed Manufacturing Survey rose to 23.6 from December’s +21.5.
- January’s NY Empire State Manufacturing Index fell to 6.5 from December’s +9.
- December’s CPI rose by 2.1% y/y versus November’s +1.7% y/y. Core CPI rose by 2.2% y/y versus November’s +2.1% y/y.
- November’s Business Inventories rose by 0.7% from October’s -0.1%.
- December’s Industrial Production rose 0.8% from November’s -0.7%. Capacity Utilization rose to 75.5% from November’s +75.0%
- January’s NAHB Housing Market Index fell to 67 from December’s downwardly revised 69.
- December’s Housing Starts rose to an annual pace of 1.226M from November’s downwardly revised 1.020M. Building Permits rose to an annual pace of 1.210M from November’s 1.201M.
- Initial Jobless Claims for the week ending January 13th fell by 15K to 234K. Continuing Jobless Claims for the week ending January 6th fell by 47K to 2,046K.
- The S&P 500 Index added 0.3 percent to 2,271.29 on Friday.
- US stocks rose as an increase in crude oil spurred gains in energy companies. The benchmark index pared earlier gains as President Donald Trump delivered his inauguration address.