EQUITY MARKETS

US

S&P500 -0.69% (2,126.41); NASDAQ -1.28% (5,190.10); DJIA +0.09% (18,161.19)

This week’s reports:

Q3 2016 GDP Growth Annualized (prelim.) surged 2.9%, the biggest jump in two years, from Q2’s +1.4%. Growth picked up as a build in inventories and a jump in exports helped cushion softer household spending.
September’s Chicago Fed National Activity Index rose to -0.14 from August’s -0.72.
October’s Consumer Confidence fell to 98.6 from September’s 103.5.
October’s Reuters/Michigan Consumer Sentiment Index fell to 87.2 from September’s 87.9.
October’s Markit Manufacturing PMI (prelim.) rose to 53.2 from September’s 51.5. Markit Services PMI (prelim.) rose to 54.8 from September’s 52.3. Markit Manufacturing PMI (prelim.) rose to 54.9 from September’s 52.3.
September’s Durable Goods Orders fell 0.1% from August’s +0.3%. Durable Goods Orders ex. Transportation rose 0.2% from September’s +0.1%.
August’s S&P/Case-Shiller Home Price Indices rose 5.1% y/y versus July’s +5.0% y/y. FHFA Housing Price Index rose 0.7% from July’s +0.5%.
September’s New Home Sales rose to an annual pace of 593K from August’s pace of 575K.
Initial Jobless Claims for the week ending October 21^th fell by 3K to 258K. Continuing Jobless Claims for the week ending October 14^th fell by 14K to 2,039K.

US stocks fell, wiping out previous gains, after the Federal Bureau of Investigation reopened a probe into Hillary Clinton’s use of an unauthorized e-mail server. The renewed investigation raised concerns regarding the outcome of the presidential elections, as the markets had to re-price for a new level of uncertainty.