S&P500 +0.91%(2,602.42); NASDAQ +1.57% (6,889.16); DJIA +0.86% (23,557.99)
This week’s reports:
- October’s Chicago Fed National Activity Index (CFNAI) rose to 0.65 from September’s 0.36.
- October’s Durable Goods Orders fell 1.2% from September’s +2.0%. Durable Goods Orders ex. Transportation rose 0.4% from September’s +1.1%.
- November’s Markit Manufacturing PMI (prelim.) fell to 53.8 from October’s 54.6. Markit Services PMI (prelim.) fell to 54.7 from October’s 55.3. Markit Composite PMI (prelim.) fell to 54.6 from October’s 55.2.
- November’s Michigan Consumer Sentiment Index rose to 98.5 from October’s 97.8.
- October’s Existing Home Sales rose 2.0% from September’s +0.4%.
- Initial Jobless Claims for the week ending November 17th fell by 13K to 239K. Continuing Jobless Claims for the week ending November 10th rose by 36K to 1,904K.
- US stocks rose, with advances in shares of industrial, technology and consumer-discretionary companies lifting the S&P 500, Dow Jones Industrial Average and Nasdaq Composite to fresh records this week. Shares of energy companies rallied, also helping to lift the indexes, as US oil prices climbed to their highest closing level since June 2015.