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S&P500  +1.52%(2,759.82); NASDAQ  +2.37% (7,688.39); DJIA  +0.76% (24,456.48)


This week’s reports:

  • June’s Unemployment Rate rose to 4.0% from May’s 3.8% even as Non-Farm Payrolls rose by 213K from May’s +244K. Participation Rate jumped to 62.9% from May’s 62.7%.
  • June’s Average Weekly Hours remained unchanged from May’s 34.5. Average Hourly Earnings rose 2.7% y/y, the same as in May.
  • June’s Markit Manufacturing PMI rose to 55.4 from May’s 54.6. Services PMI remained unchanged from May’s 56.5. Composite PMI rose to 56.2 from May’s 56.0.
  • June’s ISM Manufacturing Index rose to 60.2 from May’s 58.7. ISM Non-Manufacturing Index rose to 59.1 from May’s 58.6.
  • May’s Factory Orders rose 0.4% from April’s -0.4%.
  • Initial Jobless Claims for the week ending June 30th rose by 3K to 231K. Continuing Jobless Claims for the week ending June 23rd rose by 32K to 1,739K.


  • US stocks posted weekly gains as signs of a buoyant labor market helped investors look past escalating trade tensions between the world’s two biggest economies.
  • The US slapped levies on $34 billion of China’s exports early Friday, while in response, China’s State Council said it applied tariffs on 545 US items ranging from agricultural products to vehicles.
  • US employers added to payrolls for the 93rd consecutive month, extending the longest continuous jobs expansion on record.



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