Financial Review

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…..ISM pops. ADP private jobs slip. Trade deficit inches up. Happy holiday sales forecast. IMF warns global banking system is too weak to recover. Paris Climate Accord ratified. Hurricane Matthew moves to US coast. ECB to taper. SCOTUS on insider trading. Fidelity’s conflict of interest. Sears sells the tools. Google goes for hardware with an AI assist. Financial Review by Sinclair Noe for 10-05-2016 DOW + 112 = 18,281 SPX + 9 = 2159 NAS + 26 = 5316 10 Y + .03 = 1.72% OIL + 1.02 = 49.71 GOLD – 1.90 = 1267.50   The Institute for Supply Management said its services index shot up to a reading of 57.1% in September from 51.4% in August, on a scale where any reading over 50% indicates improving conditions. Sub-indexes on business activity, new orders, and employment – all posted big gains.   Private-sector employment slowed a bit in September. According to data from Automatic Data Processing employers added 154,000 private-sector jobs last month, down from 175,000 in August. This is the smallest increase since April. Analysts use ADP’s data to get a feeling for the Labor Department’s employment report, which will be released Friday and covers government jobs in addition to the private sector. ADP’s report showed that small private-sector businesses added 34,000 jobs in September, medium businesses added 56,000 and large businesses added 64,000.   The US trade deficit rose 3% in August to just over $40 billion as imports climbed to the highest level in almost a year. Exports edged up ...
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Financial ReviewBy Sinclair Noe