U.S. stocks slumped on Friday, but still managed to finish higher for the week. This morning, stock index futures have been mixed.
There will be plenty of economic data to consider this week, but today’s calendar is light. The latest Empire State Manufacturing Survey showed that manufacturing activity in the New York region remained strong, though it did slow from April’s exceptionally high pace. We will also get data on cash flows between the U.S. and other countries and the National Association of Home Builder’s monthly sentiment index.
Housing starts and the Producer Price index will be released Tuesday. On Wednesday, the Consumer Price index and the minutes from the most recent FOMC meeting will be released. On Thursday we will see the Conference Board’s index of leading indicators, the weekly jobless claims report, and the Philadelphia Fed Survey. There are no reports on Friday.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
