S&P500 +0.85%(2,348.69); NASDAQ +1.82% (5,910.52); DJIA +0.46% (20,547.76)
This week’s reports:
- April’s NY Empire State Manufacturing Index fell to 5.2 from March’s +16.4.
- April’s Philadelphia Fed Manufacturing Survey fell to 22 from March’s +32.8.
- April’s NAHB Housing Market Index fell to 68 from March’s +71.
- March’s CPI rose by 2.4% y/y versus February’s +2.7% y/y. Core CPI rose by 2% y/y versus February’s +2.2% y/y.
- April’s Markit Manufacturing PMI (prelim.) fell to 52.8 from March’s 53.3. Markit PMI Composite (prelim.) fell to 52.7 from March’s 53. Markit Services PMI (prelim.) fell to 52.58 from March’s 52.8.
- February’s Business Inventories remained unchanged from January’s +0.3%.
- March’s Industrial Production rose 0.5% from February’s 0% change. Capacity Utilization rose to 76.1% from February’s +75.4%.
- March’s Existing Home Sales rose to an annual pace of 5.71M from February’s pace of 5.47M.
- March’s Housing Starts fell to 1.215M from February’s upwardly revised 1.303M. Building Permits rose to 1.260M from February’s upwardly revised 1.216M.
- March’s Retail Sales fell -0.2% from February’s downwardly revised -0.3%. Retail Sales ex Autos remained unchanged from January’s +0.2%.
- Initial Jobless Claims for the week ending April 14th rose by 10K to +244K. Continuing Jobless Claims for the week ending April 7th fell by 49K to 1,979K.
- US stocks posted their first weekly advance since the end of March.
- The S&P 500 Index rallied 0.85 percent in its biggest weekly gain in two months.
- The Dow Jones Industrial Index increased 0.5 percent on Friday, weighed down by earnings-related declines in Goldman Sachs Group Inc. and IBM Corp.