Weekly Market Wrap Up, November 8, 2013

Weekly Information Center

Market Insight

The market has shown continuing underlying economic fundamentals, with the Bureau of Labor Statistics reporting an increase in private payrolls of 204,000 from a previous 150,000. The private employment sector signals to a bettering labor market, which coupled with a .3% advance in Q3 GDP to 2.8%, could provide further signals of a steady developing economy. In addition, the S&P 500 and the Dow Jones Industrial Average have experienced the strongest quarters since 2003, with quarter gains of 4.39% and 1.70% respectively. Despite the decrease in labor force in October due to the government shutdown, long-term labor force has depicted a developing trend. Furthermore, the economic progress has driven the equity market to achieve a strong performance for the year.

Weekly Review

  • Factory orders inched up higher for September 1.7%, but decreased 10 basis points for the month of August
  • ISM services index increased 4 bps to 55.4
  • Real GDP growth advanced 2.8% in Q3 from 2.5% in Q2, beating estimates by 30 bps
  • Unemployment rate grew 10 bps to 7.3% from 7.2%

What to look for next Week

  • Trade Balance
  • Treasury Budget
  • Wholesale Inventories
  • Industrial Production


Sector Performance

Style Returns

Article submitted by: J. Camilo Parra of the Capital Markets Lab. To learn more about the Capital Markets Lab please visit their web site https://business.fiu.edu/capital-markets-lab/.

Related posts

Leave a Reply


Please solve the following to prove you are not a bot: * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.