It's The Economy Stupid: Market Close

The market’s up!   Gold is down!

 

U.S. stocks and commodities rose amid better-than-estimated economic data and assurances from Federal Reserve officials that the central bank will continue to spur growth if needed.   

 

Gold dipped to a 34-month low below $1,200 an ounce. Ten-year Treasury yields lost six basis points to 2.48 percent.

 

U.S. consumer spending rebounded, pending home sales jumped to the highest level since 2006 and jobless claims declined last week, reports showed today. Federal Reserve Bank of New York President William C. Dudley said the central bank may prolong its asset-purchase program if the economy’s performance fails to meet the Fed’s forecasts.

    

The S&P 500’s three-day advance of 2.6 percent is its best rally since the beginning of the year. The index trimmed its June decline to 1 percent. The benchmark gauge of American stocks is up 2.9 percent in the second quarter and 13 percent in 2013.

 

Description	Ticker	Last	CHANGE	% Chg Today	Pct Chg 1Yr
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	15024.490	114.3500	0.7669	19.3246
S&P 500 Index	SPX Index	1613.200	9.9400	0.6200	21.3152
NASDAQ 100 Index	NDX Index	2906.840	12.9860	0.4487	13.9436
NASDAQ Composite Index	CCMP Index	3401.863	25.6390	0.7594	18.6659
Russell 3000 Index	RAY Index	959.480	7.3400	0.7709	22.5550
Russell 1000 Index (Large Cap)	RIY Index	894.150	6.1800	0.6960	22.3145
Russell 2000 Index (Small Cap)	RTY Index	979.920	16.0900	1.6694	25.5282
Wilshire 5000 Total Market	W5000 Index	17047.840	137.4400	0.8128	22.6433
TREASURIES	% Yield
3 Month Treasury	0.0558		-0.0100	-18.1818
6 Month Treasury	0.1065		-0.0050	-4.7619
2 Year Treasury	0.3691	100.039	0.0469	0.0469
5 Year Treasury	1.4189	99.969	0.2813	0.2821
10 Year Treasury	2.5037	93.672	0.5000	0.5366
30 Year Treasury	3.5455	87.828	0.6875	0.7890
ENERGY
Crude Oil, Brent Index	Brent Crude	102.640	0.9800	0.9640	9.6663
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	104.500	1.4000	1.3579	11.5000
Natural Gas, Henry Hub Index	Nat Gas	3.590	-0.1470	-3.9336	3.4521
PRECIOUS METALS
Spot Gold $/oz	GOLD	1199.290	-27.3600	-2.2305	-21.7698
Spot Silver $/oz	SILVER	18.485	-0.0510	-0.2751	-30.0037
CURRENCIES
Euro	EUR Curncy	0.767	-0.0017	-0.2212	-4.1895
Japanese Yen	JPY Curncy	98.340	0.6000	0.6139	-19.0002
British Pound	GBP Curncy	0.655	0.0023	0.3522	2.2727
Swiss Franc	CHF Curncy	0.945	0.0018	0.1909	1.7212
Canadian Dollar	CAD Curncy	1.048	0.0009	0.0860	-2.2044
Chinese Renminbi	CNY Curncy	6.149	0.0020	0.0325	3.4087
FOREIGN INDICIES
FTSE 100 INDEX	UK	6243.400	77.9200	1.2638	13.1043
CAC 40 INDEX	FRANCE	3762.190	36.1500	0.9702	22.8463
DAX INDEX	GERMANY	7990.750	49.7600	0.6266	28.2930
NIKKEI 225 INDEX	JAPAN	13213.550	379.5400	2.9573	51.3495
HANG SENG INDEX	HONG KONG	20440.080	101.5300	0.4992	6.5867
SHANGHAI COMP INDEX	CHINA	1950.012	-1.4830	-0.0760	-12.0402

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us