S&P500 +1.03%(2,294.69); NASDAQ +1.90% (5,660.78); DJIA +1.34% (20,093.78)
This week’s reports:
- Q4 2016 GDP Growth Annualized (prelim.) rose by 1.9% from Q3’s +3.5%.
- December’s CB Leading Indicator rose by 0.5% m/m from November’s +0.1% m/m.
- January’s Markit Manufacturing PMI (prelim.) rose to 55.1 from December’s 54.3. Markit PMI Composite (prelim.) rose to 55.4 from December’s 54.1. Markit Services PMI (prelim.) rose to 55.1 from December’s 53.9.
- December’s Wholesale Inventories (prelim.) remained unchanged from November’s +0.1%.
- January’s Michigan Consumer Sentiment Index rose to 98.5 from December’s 98.1.
- December’s New Home Sales fell to an annual pace of 0.536M from November’s pace of 0.598M. Existing Home Sales fell to an annual pace of 5.49M from November’s pace of 5.65M.
- December’s Durable Goods Orders fell 0.4% from November’s downwardly revised -4.8%. Durable Goods Orders ex. Transportation rose 0.5% from November’s upwardly revised +1%.
- Initial Jobless Claims for the week ending January 20th rose by 125K to 259K. Continuing Jobless Claims for the week ending January 13th rose by 54K to 2,100K.
- The S&P 500 Index finished 0.2 percent on Friday, from its record set Wednesday.
- US stocks were little changed near all-time highs amid earnings, Even though the stocks declined on Friday as the benchmark indexes slipped from records reached earlier in the week and data showed economic growth slowed more than forecast last quarter.