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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.


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