The Data Week: S&P 500 Rises On Earnings, Continued Stimulus

US
S&P500 +0.88% (1,759.77); NASDAQ +0.74% (3,943.36); DJIA +1.11% (15,570.28)
This week’s reports:

September’s Unemployment Rate fell to 7.2% from August’s 7.3%. Non-Farm Payrolls
rose by 148K from August’s +193K.

September’s Average Hourly Earnings rose 0.1% from August’s +0.3%. Average
Weekly Hours were unchanged from August’s 34.5.

September’s Existing Home Sales fell 1.9% to an annual pace of 5.29M from August’s
pace of 5.48M.

August’s Construction Spending rose 0.6% from July’s +1.4%.

August’s OFRHEO Housing Price Index rose 0.3% from July’s +0.8%.

October’s Reuters/Michigan Consumer Sentiment Index fell to 73.2, a 10-month low,
from September’s 77.5.
October’s Richmond Fed Manufacturing Index rose to 1 from September’s reading of 0.
October’s Manufacturing PMI (prelim.) fell to 51.1 from September’s 52.8.

September’s Durable Goods Orders rose 3.7% from August’s +0.1%. Durable Goods
Orders ex Transportation fell 0.1%, the same decline as in August.

August’s Wholesale Inventories rose 0.5%, the most in seven months, from July’s
+0.2%.

Initial Jobless Claims for the week ending October 18th fell by 12K to 350K. Continuing
Jobless Claims for the week ending October 11th fell by 8K to 2,874K.

US stocks rose for a third week, sending the Standard & Poor’s 500 Index to a fresh record, as
Amazon.com Inc, (AMZN) and Microsoft Corporation, (MSFT) sales beat estimates while a drop in consumer confidence
added to speculation that the Federal Reserve will delay scaling back monetary stimulus.
Better-than-expected earnings and continued monetary stimulus have driven the S&P 500 up
23% so far this year.

Canada
S&P/TSX Composite +2.00% (13,399.42)
Canadian stocks rose, capping their third straight weekly gain, as energy producers and miners
rallied amid higher commodity prices. The benchmark Standard & Poor’s/TSX Composite Index
trades at a two-year high after rallying 7.8% so far in 2013.

August’s Retail Sales rose 0.2% from July’s +0.5%. Retail Sales ex Autos rose 0.4% from
July’s +0.8%.

To Read the Entire Report Please Click on the pdf File Below.