
May 1, 2017 Weekly Economic Update
Upbeat earnings news and talk of corporate tax cuts also aided the S&P 500 – that index rose 0.91% for April, capping things off with a 1.51% weekly gain.
Upbeat earnings news and talk of corporate tax cuts also aided the S&P 500 – that index rose 0.91% for April, capping things off with a 1.51% weekly gain.
EXISTING HOME SALES HIT A 10-YEAR PEAK, CONSTRUCTION ACTIVITY WANES, LIGHT SWEET CRUDE SLIDES 7% IN 5 TRADING DAYS, STOCKS END CHOPPY WEEK HIGHER
PRICES DECLINE IN MARCH, RETAIL SALES FALL, AN IMPROVEMENT FOR CONSUMER SENTIMENT, A VOLATILE WEEK FOR STOCKS, SELLING OUTWEIGHED BUYING DURING THE WEEK
COMPANIES ADDED FEWER WORKERS IN MARCH, STRONG EXPANSION FOR SERVICE, FACTORY SECTORS, FED MAY START TO REDUCE ITS BALANCE SHEET, STOCKS MOVE SLIGHTLY LOWER
PERSONAL SPENDING SLOWS, HOUSEHOLDS MAINTAIN THEIR OPTIMISM, A BOOST FOR PENDING HOME SALES, A GREAT QUARTER ENDS WITH GAINS
NEW HOME SALES GO ONE WAY, RESALES ANOTHER, A GAIN FOR DURABLE GOODS ORDERS, LIGHT SWEET CRUDE BREAKS 4-DAY LOSING STREAK