S&P500 +0.08%(2,502.22); NASDAQ -0.33% (6,426.92); DJIA +0.36% (22,349.59)
This week’s reports:
- September’s Philadelphia Fed Manufacturing Index rose to 23.8 from August’s +18.9.
- September’s Markit Manufacturing PMI (prelim.) rose to 53 from August’s +52.8. Services PMI (prelim.) fell to 55.1 from August’s +56. Composite PMI (prelim.) fell to 54.6 from August’s +55.3.
- September’s NAHB Housing Market Index fell to 64 from August’s +67.
- August’s Existing Home Sales fell by 9K to 5.35M from July’s +5.44M.
- August’s Housing Starts fell to 1.180M from July’s +1.190M. Building Permits rose to 1.300M from July’s +1.230M.
- Initial Jobless Claims for the week ending September 15th fell by 23K to 259K. Continuing Jobless Claims for the week ending September 8th rose by 44K to 1,980K.
- US stocks fell from record highs, while Treasuries and the dollar were mixed as investors assessed the impact of the Federal Reserve’s signal that it intends to raise rates again this year.
- US equity markets continued to churn in one of the tightest ranges in history, with investors reluctant to add to bets that have pushed benchmark indexes to records.
- The S&P 500 Index, churning in one of the tightest ranges in its history, rose slightly, continuing an eight-day stretch without a move of more than 0.3 percent.
- The Dow Jones Industrial Average drifted downward, while the Nasdaq Composite Index posted a marginal gain.