Project Description

EQUITY MARKETS

US

S&P500  +0.21%(2,438.30); NASDAQ  +1.84% (6,265.25); DJIA  +0.05% (21,394.76)

 

This week’s reports:

  • June’s Markit Manufacturing PMI (prelim.) fell to 52.1 from May’s 52.7. Services PMI (prelim.) fell to 53.0 from May’s 53.6. Composite PMI (prelim.) fell to 53.0 from May’s 53.9.
  • May’s New Home Sales rose 2.9% from April’s -7.9%. Existing Home Sales rose 1.1% from April’s -2.5%.
  • April’s FHFA Housing Price Index rose 0.7%, the same increase as in March.
  • Initial Jobless Claims for the week ending June 16th rose by 3K to 241K. Continuing Jobless Claims for the week ending June 9th rose by 8K to 1,944K.
  • US stocks finished the week almost unchanged as rallies in health-care and tech shares offset a rout in energy producers that fell on oil’s slide into a bear market.

 

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