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S&P500  +0.53% (2,139.16); NASDAQ  +2.31% (5,244.57); DJIA  +0.21% (18,123.80)

 This weeks reports:

  • Septembers Reuters/Michigan Consumer Sentiment Index (prelim.) remained unchanged from August’s 89.8, the lowest level since April.
  • Augusts CPI rose 1.1% y/y (+0.2% m/m) versus July’s +0.8% y/y (zero change m/m). Core CPI rose 2.3% y/y versus +2.2% y/y in July.
  • Augusts Retail Sales fell 0.3% from July’s +0.1%. Retail Sales ex Autos fell 0.1% from July’s -0.4%.
  • Septembers NY Empire State Manufacturing Index rose to -1.99 from August’s -4.21.  
  • Augusts Industrial Production fell 0.4% from July’s +0.6%. Capacity Utilization tumbled to 75.5% from July’s 75.9%.
  • Initial Jobless Claims for the week ending September 9th rose by 1K to 260K. Continuing Jobless Claims for the week ending September 2nd rose by 1K to 2,143K.
  • Global stocks fell as renewed selling in crude that took oil to a one-month low sank energy shares, while the Department of Justice’s proposal to settle crisis-era claims against Deutsche Bank AG rattled the financial sector.
  • US stocks fell, trimming their weekly gain, as investors awaited next week’s Federal Reserve meeting, with economic indicators pointing to uneven growth in the world’s largest economy. Banks and energy producers carried the steepest losses.

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