Contents
- Indices [1]
- Commodities [2]
- Economy [3]
- Upcoming Economic Reports: [4]
- Earnings Calendar: [5]
Indices
DJIA: 21,272.00 (+0.31%)
NASDAQ: 6,207.92 (-1.55%)
S&P 500: 2,431.77 (-0.30%)
Commodities
Gold: 1,269.00 (-0.87%)
Copper: 264.55 (+2.76%)
Crude Oil: 45.85 (-3.80%)
Economy
Productivity estimates [6] for nonfarm business labor were revised upwards for Q1 from a -1.6% decline to a flat 0.0%. The revision was based on an upward revision of productivity from +1.0% to +1.7%, which had the resulting effect of lowering unit labor costs from +3.0% to +2.2%.. The downward revision in labor costs also pushed real hourly compensation down from -0.8% to -0.9%, bringing Y/Y compensation down to -0.3%.
March’s new factory orders [7] were revised from +0.2% to +1.0%, but orders for April fell to -0.2% in the first decline after 4 months of gains. A -0.8% decline in new durable goods orders led the drop after a +2.4% March increase, with drops in nondefense aircraft (-9.1%), mining/oilfield/gas machinery (-8.3%), and electrical equipment/appliances/components (-2.0%). Orders increased for motor vehicles (+0.6%), computers (+1.6%), and non-durable goods (+0.4%), such as energy and food.
In the first increase in 9 weeks, the EIA reported [8] that domestic crude oil supplies unexpectedly rose by +3.3 million barrels for the week ending June 2nd. Crude oil imports were up +356,000 barrels/day from the previous week, raising imports by +8.8% compared to the same four-week period last year. Motor gasoline product supplied was down -0.7% and prices increased by $0.033 compared to the same period in 2016.
Upcoming Economic Reports:
Wednesday June 14 – Retail Sales
Wednesday June 14 – FOMC Meeting Announcement
Earnings Calendar:
| Monday | Tuesday | Wednesday | Thursday | Friday |
|---|---|---|---|---|
| Brenntag (BNTGY) [9] |
BMW (BAMXF) [10] |
CSW Industrials (CSWI) [11] |
Kroger (KR) [12] |
Sky Solar Holdings (SKYS) [13] |
| Science Applications Intl (SAIC) [14] |
Motorcar Parts of America (MPAA) [15] |
Digital Turbine (APPS) [16] |
Bob Evans Farms (BOBE) [17] |
Sunwin Stevia Intl (SUWN) [18] |