S&P500 +0.93%(2,901.52); NASDAQ +2.06% (8,109.54); DJIA +0.68% (25,964.82)t
This week’s reports:
- September’s Michigan Consumer Sentiment Index (prelim.) surged to 100.8, its second-highest level since 2004, from August’s 96.2.
- August’s CPI rose 2.7% y/y versus July’s +2.9% y/y. Core CPI rose 2.2% y/y versus July’s +2.4% y/y.
- August’s Retail Sales rose 0.1% from July’s +0.7%. Retail Sales ex Autos rose 0.3% from July’s +0.9%.
- July’s Consumer Credit jumped by $16.64 billion from June’s +$8.46 billion. The rise in credit was led by non-revolving debt, which grew by the most since November, while credit-card debt growth rebounded from June’s decline.
- August’s Industrial Production rose 0.4%, the same as in July. Capacity Utilization rose to 78.1% from July’s 77.9%.
- July’s Wholesale Inventories rose 0.6% from June’s +0.7%. Business Inventories rose 0.6% from June’s +0.1%.
- Initial Jobless Claims for the week ending September 7th fell by 1K to 204K. Continuing Jobless Claims for the week ending August 31st fell by 15K to 1,696K.
- US stocks rose, led by technology sector, on renewed optimism at the prospect of fresh US-China trade talks.