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TODAY'S MARKET SUMMARY

Market Summary

Moving the Market

Sector Watch

        -05/22-

  • 10 year note 3.06
  • U.S. stocks close lower as trade, geopolitical worries resurface.
Strong: Weak:
Utilities
Telecom Services
Real Estate
Financials
  
Industrials
Energy
Materials
Consumer Discretionary




 


MARKET WEEKLY

WEEK 20:  05/14 - 05/18

  • Dow Industrials: 24,715.00 -116.17
  • S&P 500: 2,712.97  -14.75
  • NASDAQ Composite: 7,354.34 -48.54
  • NYSE AMEX Composite: 2,720.20 +11.43
  • NYSE Composite: 12,717.39  -44.43
  • 10-year Treasury: 3.06% +0.09
     

 





Select Economic Indicators
Stock Market Valuation Impact

Period:  04/30 - 05/11  

  • Personal Income/Outlays +0.3%/+0.4%
    Neutral (The March income gain was less than recorded for January and February, but the gain in spending matched the consensus forecast.)
  • Personal Consumption Expenses 0.0%
    Neutral (Core prices rose +0.2% for March reaching the Federal Reserves goal level.)
  • Chicago PMI +200M to 57.6B
    Neutral (This April report from purchasing managers remains strong even though it has declined some from last year.)
  • ISM Manufacturing Index -2.0 to 57.3
    Neutral (At the low end of expectations for April, but still shows a strong level of orders.)
  • Construction Spending -1.7%
    Negative (This decline for March showed an unexpected decline in housing construction.)
  • ADP Employment report +204K
    Positive (April private payroll growth remains strong even though it was less than March's 228K.)
  • Factory Orders +1.6%
    Positive (New orders showed strong growth during March.)
  • ISM Services Index -2.0 to 56.8
    Positive (The services sector growth during April was still strong despite coming in under consensus.)
  • April Employment report +164K
    Neutral (Below the consensus forecast for the month, but still a decent gain.)
  • Job Openings/Labor Turnover +472K to 6.550M
    Neutral (Above consensus job openings during March increases the risks for future wage inflation pressures keeping the Fed on track to continue gradual interest rate increases.)
  • Producer Prices +0.1
    Positive (April inflation came in below expectations showing no sign of acceleration.)
  • Consumer Prices +0.2%
    Positive (Inflation remained contained during April coming in at the low end of consensus.)
  • Import/Export Prices +0.3%/+0.6%
    Neutral (Other than increasing oil prices, import prices showed very little inflation during April.  Export are currently showing some price pressures.)
  • Consumer Sentiment 0.00 to 98.8
    Positive (Sentiment remains strong in this early May reading.)

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