Financial Review

Work Never Ends


Listen Later

Retail sales inch up, PPI flat, equity outflows, earnings ugly,  crowdfunding next week, and why Americans might never retire. Financial Review by Sinclair Noe for 05-13-2016   DOW – 185 = 17,535 SPX – 17 = 2046 NAS – 19 = 4717 10 Y – .05 = 1.70% OIL – .37 = 46.33 GOLD + 9.90 = 1274.10   Well, if you are triskaidekaphobic you might have expected a day like this. For the week, the Dow fell 1.2 percent, the S&P dipped 0.5 percent and the Nasdaq lost 0.4 percent. It was the third week in a row of losses for the Dow and S&P 500.   US businesses in March posted the biggest increases in inventories and sales since June, good news for economic growth. The Commerce Department says business inventories rose 0.4 percent from February. Sales rose 0.3 percent. Falling inventories have been a big drag on the U.S. economy. They trimmed economic growth by 0.3 percentage point in the first quarter.   Retail sales increased 1.3% last month, spearheaded by big gains among auto dealers, gas stations and Internet retailers. The Commerce Department reports that every segment of the retail industry saw improved results except for home centers whose sales were hurt by bad weather. Americans have increased their savings and they are still finicky shoppers. Retail sales have risen a modest 3% clip in the past 12 months.   Producer prices rose 0.2% in April after two straight declines, but inflation at the wholesale level ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe