Thursday, September 5, 2013

It's The Economy Stupid: Market Close

*U.S. Stocks Climb as Investors Weigh Data Before Labor Report

 

U.S. stocks rose, giving benchmark indexes their longest rally since July, as investors weighed data on the labor market and American services industry before tomorrow’s monthly jobs report.   The Dow was up 6.61 points to 14937 and the S&P 500 rose 2.0 to

1655.08.

 

The Dow, S&P 500 and other indices climbed for a second day after the Federal Reserve said yesterday that the economy maintained a modest to moderate pace of growth and automakers rallied amid the highest car and light-truck sales since May 2007.  Data today indicated fewer Americans than forecast filed applications for unemployment benefits last week while a separate report from the ADP Research Institute showed companies boosted payrolls in August by 176,000 workers.

 

The Labor Department’s monthly jobs report, which is due tomorrow, will probably show that U.S. payrolls rose by 180,000 in August, while the jobless rate remained at 7.4 percent, a Bloomberg poll of economists showed.

The Institute for Supply Management’s non-manufacturing index rose to 58.6 in August from 56 the prior month. The median

forecast in a Bloomberg survey called for a drop to 55. A reading greater than 50 indicates expansion in the industries that make up almost 90 percent of the economy.   Another report showed orders placed with U.S. factories fell less than forecast in July as rising fuel prices propelled the biggest gain in non-durable goods in a year.

 

Description

Ticker

Last

Change

% Chg Today

% Chg 1Year

STOCK MARKETS

 

 

 

 

 

Dow Jones Industrial Average

INDU Index

14937.480

6.6100

0.0443

14.4856

S&P 500 Index

SPX Index

1655.080

2.0000

0.1210

17.8936

NASDAQ 100 Index

NDX Index

3129.938

5.3980

0.1728

13.1185

NASDAQ Composite Index

CCMP Index

3658.785

9.7430

0.2670

19.2072

Russell 3000 Index

RAY Index

990.400

1.5600

0.1578

19.5240

Russell 1000 Index (Large Cap)

RIY Index

921.620

1.3300

0.1445

19.0552

Russell 2000 Index (Small Cap)

RTY Index

1028.690

3.1100

0.3032

25.2572

Wilshire 5000 Total Market

W5000 Index

17589.220

28.9500

0.1649

19.7955

TREASURIES

% Yield

 

 

 

 

3 Month Treasury

0.0152

 

0.0050

33.3333

 

6 Month Treasury

0.0558

 

0.0000

0.0000

 

2 Year Treasury

0.5098

99.734

-0.0781

-0.0783

 

5 Year Treasury

1.8477

98.359

-0.4922

-0.4979

 

10 Year Treasury

2.9862

95.813

-0.7813

-0.8088

 

30 Year Treasury

3.8822

95.500

-1.4375

-1.4829

 

ENERGY

 

 

 

 

 

Crude Oil, Brent Index

Brent Crude

115.320

0.4100

0.3568

6.9461

Crude Oil, Louisiana Lt. Sweet

LA Lt Sweet

112.020

0.3900

0.3494

0.3700

Natural Gas, Henry Hub Index

Nat Gas

3.569

-0.1140

-3.0953

1.6790

PRECIOUS METALS

 

 

 

 

 

Spot Gold $/oz

GOLD

1368.530

-23.1000

-1.6599

-19.1601

Spot Silver $/oz

SILVER

23.224

-0.2685

-1.1429

-27.9755

CURRENCIES

 

 

 

 

 

Euro

EUR Curncy

0.762

0.0051

0.6735

-3.9441

Japanese Yen

JPY Curncy

100.120

0.3700

0.3709

-21.7118

British Pound

GBP Curncy

0.642

0.0015

0.2344

2.0197

Swiss Franc

CHF Curncy

0.945

0.0097

1.0372

1.1750

Canadian Dollar

CAD Curncy

1.050

0.0008

0.0762

-5.7306

Chinese Renminbi

CNY Curncy

6.120

-0.0002

-0.0033

3.7648

FOREIGN INDICIES

 

 

 

 

 

FTSE 100 INDEX

UK

6532.440

57.7000

0.8912

15.4578

CAC 40 INDEX

FRANCE

4006.800

26.3800

0.6627

17.6467

DAX INDEX

GERMANY

8234.980

39.0600

0.4766

18.2390

NIKKEI 225 INDEX

JAPAN

14064.820

10.9500

0.0779

62.0265

HANG SENG INDEX

HONG KONG

22597.970

271.7500

1.2172

17.6408

SHANGHAI COMP INDEX

CHINA

2122.430

-5.1880

-0.2438

3.4364

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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