S&P500 -1.44%(2,343.98); NASDAQ -1.22% (5,828.74); DJIA -1.52% (20,596.72)
This week’s reports:
- March’s Markit Manufacturing PMI (prelim.) fell to 53.4 from February’s 54.2. Markit PMI Composite (prelim.) fell to 53.2 from February’s 54.1. Markit Services PMI (prelim.) fell to 52.9 from February’s 53.8.
- February’s New Home Sales rose to an annual pace of 0.592M from January’s pace of 0.558M. Existing Home Sales fell to an annual pace of 5.48M from January’s pace of 5.69M.
- February’s Durable Goods Orders rose by 1.7% from January’s upwardly revised +2.3%. Durable Goods Orders ex Transportation rose by 0.4% from January’s upwardly revised +0.2%.
- Initial Jobless Claims for the week ending March 17th rose by 18K to +258K. Continuing Jobless Claims for the week ending March 10th fell by 39K to 2,000K.
- US stocks fell the most since the week leading up to the US election as President Donald Trump suffered a major setback when he was forced to pull his health-care bill from a vote amid dissent among congressional Republicans.
- The S&P 500 Index capped its worst week since the election as political wrangling in Washington dominated sentiment.