Project Description
US
S&P500 -3.94%(2,658.69); NASDAQ -3.78% (7,167.21); DJIA -2.97% (24,688.31)
This week’s reports:
Q3 2018 GDP Growth Annualized (prelim.) was 3.5% versus 3.3% expected and 4.2% in Q2. Growth was driven by robust consumer and government spending.
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October’s Michigan Consumer Sentiment Index fell to 98.6 from September’s 99.0.
September’s New Home Sales fell 5.5% from August’s -3.0%. Pending Home Sales rose 0.5% from September’s -1.9%.
October’s Richmond Fed Manufacturing Index fell to 15 from September’s 29.
October’s Markit Manufacturing PMI (prelim.) rose to 55.9 from September’s 55.6. Services PMI (prelim.) rose to 54.7 from September’s 53.5. Composite PMI (prelim.) rose to 54.8 from September’s 53.9.
September’s Wholesale Inventories (prelim.) rose 0.3% from August’s +0.9%.
September’s Durable Goods Orders rose 0.8% from August’s +4.6%. Durable Goods Orders ex. Transportation rose 0.1% from August’s +0.3%.
Initial Jobless Claims for the week ending October 19th rose by 5K to 215K. Continuing Jobless Claims for the week ending October 12th fell by 5K to 1,636K.