|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“That
some achieve great success is proof to all that others can achieve it as well.”
-
Abraham Lincoln
WEEKLY TIP
Is
it rude to negotiate a discount for goods or services? It happens more often
than you may think. Buying in bulk and arranging long-term agreements are
keys.
WEEKLY RIDDLE
I
run but never walk, often murmur, never talk, have a bed and never sleep,
have a mouth and never eat. What am I?
Last week’s riddle:
What can go down a chimney when it is down, but can’t go up
through a chimney when it is up?
Last week’s answer:
An umbrella.
|
June 10, 2014
HIRING CORRESPONDS TO EXPECTATIONS
Employers added 217,000 new jobs in May, just 1,000 less
than analysts polled by Reuters had forecast. Over the past year, payrolls
have expanded by average of 197,000 new hires a month. The jobless rate remained
at 6.3% in May, but the U-6 rate (the unemployed + the underemployed) sank to
12.2%, a low unseen since October 2008.1
SERVICE SECTOR EXPANDS AT A FASTER PACE
At 56.3, the Institute for Supply Management’s
non-manufacturing purchasing manager index rose 1.1 points to hit a 10-month
high in May. ISM corrected its May manufacturing PMI twice last Tuesday; the
final reading was at 55.4, up half a point from April’s mark. May also
brought a 0.7% improvement in factory orders, following a (revised) 1.5% gain
for April.2,3
PRECIOUS METALS RISE, OIL STAYS FLAT
Silver futures rose 1.7% last week on the COMEX, ending
the week at $18.99 an ounce. Five days of trading left gold futures 0.5%
higher at $1,252.50 an ounce at Friday’s close. In base metals, copper
slipped 2.3%. As for NYMEX crude, it declined just 0.05% for the week to
$102.66 a barrel.4,5
SUSTAINED CONFIDENCE ON WALL STREET
The
market seems to have regained some momentum of late. At the closing bell
Friday, the S&P 500 settled at 1,949.44, the Dow at 16,924.28. Respective
weekly gains of 1.27% and 1.16% sent them to those levels. The Nasdaq rose
1.86% across five days, ending the week at 4,321.40.6
THIS WEEK: Monday
brings a Commerce Department report on May wholesale inventories and Q1
results from Hertz and Casey’s General Stores. On Tuesday, Radio Shack
reports earnings. Wednesday sees the Commerce Department release May retail
sales figures and data on April business stockpiles; investors will also
consider earnings from H&R Block. The University of Michigan’s
preliminary June consumer sentiment index arrives Thursday, along with the
May PPI, a new initial jobless claims report and earnings from Lululemon
Athletica. Nothing major is slated stateside for Friday, but Wall Street will
interpret China’s latest retail sales and industrial production reports.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 6/6/147,8,9,10
Indices are unmanaged, do not
incur fees or expenses, and cannot be invested into directly.
These returns do not include
dividends.
|
||||||||||||||||||||||||||||||
|
Please feel
free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. |
|||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
|
«RepresentativeDisclosure»
This material was prepared by MarketingPro,
Inc., and does not necessarily represent the views of the presenting party,
nor their affiliates. This information has been derived from sources believed
to be accurate. Please note - investing involves risk, and past performance
is no guarantee of future results. The publisher is not engaged in rendering
legal, accounting or other professional services. If assistance is needed,
the reader is advised to engage the services of a competent professional.
This information should not be construed as investment, tax or legal advice
and may not be relied on for the purpose of avoiding any Federal tax penalty.
This is neither a solicitation nor recommendation to purchase or sell any
investment or insurance product or service, and should not be relied upon as
such. All indices are unmanaged and are not illustrative of any particular
investment. The Dow Jones Industrial Average is a price-weighted index of 30
actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged,
market-weighted index of all over-the-counter common stocks traded on the
National Association of Securities Dealers Automated Quotation System. The
Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. It is not
possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates
two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE
Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific
Exchange). NYSE Group is a leading provider of securities listing, trading
and market data products and services. The New York Mercantile Exchange, Inc.
(NYMEX) is the world's largest physical commodity futures exchange and the
preeminent trading forum for energy and precious metals, with trading
conducted through two divisions – the NYMEX Division, home to the energy,
platinum, and palladium markets, and the COMEX Division, on which all other
metals trade. Additional risks are associated with international investing,
such as currency fluctuations, political and economic instability and
differences in accounting standards. This material represents an assessment
of the market environment at a specific point in time and is not intended to
be a forecast of future events, or a guarantee of future results. Past
performance is no guarantee of future results. Investments will fluctuate and when redeemed
may be worth more or less than when originally invested. All economic and
performance data is historical and not indicative of future results. Market
indices discussed are unmanaged. Investors cannot invest in unmanaged
indices. The publisher is not engaged in rendering legal, accounting or other
professional services. If assistance is needed, the reader is advised to
engage the services of a competent professional.
Citations.
1 - tinyurl.com/mtm6eto
[6/6/14]
2 - ism.ws/ISMReport/NonMfgROB.cfm
[6/4/14]
3 - investing.com/economic-calendar/
[6/6/14]
4 - proactiveinvestors.com/companies/news/54617/gold-up-05-for-week-oil-settles-above-102-54617.html
[6/6/14]
5 - money.cnn.com/data/commodities/ [6/6/14]
6 - fxstreet.com/news/forex-news/article.aspx?storyid=ac79bdcc-38d8-4531-94da-147b5408ec3a
[6/6/14]
7 - usatoday.com/money/markets/overview/ [6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F6%2F13&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F6%2F13&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F6%2F13&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F5%2F09&x=0&y=0
[6/6/14]
8 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F5%2F09&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F5%2F09&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F7%2F04&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F7%2F04&x=0&y=0
[6/6/14]
8 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F7%2F04&x=0&y=0
[6/6/14]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[6/6/14]
10 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[6/6/14]
|
|||||||||||||||||||||||||||||||
Tuesday, June 10, 2014
Economic Update for the week of June 10th, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment