Market report and Economic Data

US Market Weekly Summary & Economics Data

sedek87
Publish date: Sat, 16 Oct 2021, 07:23 AM
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Summary
Equities rose even after data showing that consumer sentiment dropped in early October. Banks sector and retailers led gains in the S&P500, which headed toward its best week since July. Tech sector underperformed. Q3 earnings season has just begun. So far, 38 (8%) of the companies in the S&P 500 have already reported Q3 results.
 
Better than Estimates:
1. Consumer Price Index CPI for Sep: +0.4% vs. +0.3% est
2. Initial (weekly) JoblessClaims: 293k vs. 330k est
3. Producer Price Index PPI for Sep: +0.5% vs. +0.6% est
4. CorePPI for Sep: +0.2% vs. +0.5% est
5. RetailSales for Sep: +0.7% vs. -0.2% est
 
In-Line with Estimates:
1. Core CPI for Sep: +0.2% vs. +0.2% est
2. Business Inventories for Aug: +0.6% vs. +0.6% est
 
Worse than Estimates:
1. National Federation of Independent Business (NFIB) Small Business Optimism Index for Sep: 99.1 vs. 99.5 est
2. Job Openings and Labour Turnover Survey for Aug: 10.439M vs. 10.954M est
3. Import Prices for Sep: +0.4% vs. +0.6% est
4. Export Prices for Sep: +0.1% vs. +0.7% est
5. University of Michigan Consumer Sentiment for Oct: 71.4 vs. 73.1 est
 
Remarks:
You may download Q3 earnings outlook and update thru FactSet website.
Insight: https://insight.factset.com/sp-500-earnings-season-update-october-15-2021
Report: https://www.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_100821.pdf
 
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