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Nov 6, 2015

Wall street at Close Report on November 6, 2015: Stocks Close Mixed But Post 6-Week Win Streak.

cnbc.com

Stocks close mixed but post 6-week win streak

Evelyn Cheng
U.S. stocks closed mixed Friday, but held solid gains for the week after a better-than-expected October jobs report increased confidence in the likelihood of a December rate hike. ( Tweet This )
"I think (the report) does increase the chance the Fed hikes in December but of course there's one more report before then and other data. I think investors should take this as good news," said Kate Warne, investment strategist at Edward Jones.

"It's a combination of, we've seen stocks move up in the last five weeks and there's likely to be some profit taking as people worry if the Fed does start hiking, conditions won't be as favorable as they have been in the last five years," Warne said of some of the pressure on equities.
Despite mixed performance Friday, the three major indexes rose nearly 1 percent or more for the week, their sixth-straight week of gains.
That is the longest win streak for the major averages since late last year.
The Dow Jones industrial average closed near session highs, up about 47 points, with Goldman Sachs contributing the most to gains. UnitedHealth was the greatest weight. The index ended the week up 1.4 percent.

The S&P ended the week up 0.95 percent, while the Nasdaq composite gained 1.85 percent for the week.

Utilities ended about 3.6 percent lower, dragging down the S&P 500. Financials led advancers with gains of about 1 percent, after briefly rising more than 1.5 percent.

Major average 1-week performance



"Long term it's clear the economy is stronger and equities will be back. I think the market's viewing December is (in) the rearview mirror at this point. The market's looking at what's the next move," said John Bredemus, vice president, Allianz Investment Management.

ESA | Industry in Focus: Finance and Insurance and More - November 6, 2015.

esa.doc.gov

Industry in Focus: Finance and Insurance and More

Guest Post from the Bureau of Economic Analysis Blog
 
This quarter, Industry in Focus is actually Industries in Focus. Beginning with this quarterly GDP by Industry release, we're delighted to introduce a new set of products—the Quarterly Underlying Detail Tables.  Previously, quarterly GDP by industry statistics were only available for 22 industries.  The new underlying detail tables provide the same data for 71 industries, allowing for even more in-depth analysis of economic trends.
The industries we'll discuss this quarter highlight some of the advantages of these new data. In the second quarter of 2015, the finance and insurance industry was the largest contributor to GDP growth, contributing 0.84 percentage point to the overall 3.9 percent increase in real GDP.  Finance and insurance is an aggregate of four detailed industries—Federal Reserve banks and credit intermediation; securities, commodity contracts, and investments; insurance carriers; and funds, trusts, and other financial vehicles.  With the new underlying detail tables, we can now see that these industries exhibited differing behavior, with three of the four finance and insurance industries showing strong growth.  Federal Reserve banks and credit intermediation grew 18.2 percent, contributing 0.48 percentage point to the growth in real GDP; insurance carriers grew 13.2 percent, contributing 0.33 percentage point; and funds, trusts, and other financial vehicles grew 69.0 percent, contributing 0.13 percentage point.  At the more detailed 71-industry level, these three industries were the second, fourth, and thirteenth largest contributors to growth.   This helps to explain why the aggregate finance and insurance industry was the largest contributor to growth at the 22-industry level.

GATA | THE GATA DISPATCH on November 6, 2015: Comex Gold Data Doesn't Matter; Only Central Bank Gold Data Does, And It's Top Secret.

Comex gold data doesn't matter; only central bank gold data does, and it's top-secret

Submitted by cpowell on 08:44AM ET Friday, November 6, 2015Friday, November 6, 2015

A friend at a bullion shop, B.W., calls attention to the TF Metals Report's notation this week that the total stock of gold bullion registered and readily deliverable on the New York Commodities Exchange has sunk below 5 tonnes and that the ratio of Comex gold contract claims to readily deliverable gold has risen to nearly 300 to 1:

http://www.tfmetalsreport.com/blog/7249/bullion-bank-leverage-soars-near...

B.W. writes: "We can hardly believe our eyes."

European Markets at Close Report by CNBC on November 6, 2015: Europe Markets End Mixed After US Jobs Report.

cnbc.com

Europe markets end mixed after US jobs report

Holly Ellyatt, Jenny Cosgrave, Katy Barnato
 
European markets ended mixed after the latest U.S. jobs report showed far higher-than-expected growth in employment.
The pan-European STOXX Europe 600 index closed around 0.25 higher after the news, having traded lower for much of the session ahead of the data on Friday.



 


FTSE FTSE 100 Index 6353.83
-11.07 -0.17% 716484160
DAX DAX Index 10988.03
100.29 0.92% 92252116
CAC 40 CAC 40 Index 4984.15
4.11 0.08% 155525374
IBEX 35 IBEX 35 Idx 10453.20
22.00 0.21% 300129474
The U.S. nonfarm payrolls data showed that 271,000 jobs were created in October, rather than the 180,000 indicated by a Reuters poll of economists.

The unemployment rate fell to 5.0 percent, slightly down on September's 5.1 percent figure.
The strong increase in employment makes it more the U.S. Federal Reserve will hike interest rates in December.

BLS | Employment Situation News Release - November 6, 2015: Payroll Employment Rises by 271,000 in October; Jobless Rate Essentially Unchanged (5%).

Bureau of Labor Statistics
The latest Employment Situation news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/empsit.pdf and also archived at http://www.bls.gov/news.release/archives/empsit_11062015.pdf. Highlights are below.

Payroll employment rises by 271,000 in October; jobless rate essentially unchanged (5.0%)

11/06/2015
Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate was essentially unchanged at 5.0 percent. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction.

Asian Markets at Close Report by MarketWatch on November 6, 2015:China Gets Its Mojo Back, As Asia Markets Take Differing Pathts.

marketwatch.com

China gets its mojo back, as Asia markets take differing paths

Chao Deng 
 
Chinese shares regained momentum this week, having crossed into a bull market, while Japan shares closed at a two-month high.
But unlike October, when Asian markets marched higher to the drumbeat of global-central bank moves, benchmarks in the region are responding to idiosyncratic drivers in the first week of November.
So far this month, investors have focused on country-specific news, explaining the “divergence between markets,” said Ilya Feygin, managing director at New York-based brokerage WallachBeth Capital.
The Shanghai Composite Index SHCOMP, +1.91%  and the Shenzhen Composite Index 399106, +2.82%  closed up 6.1% and 6.8%, respectively, for the week.
In Australia, the S&P/ASX 200 XJO, +0.42%  shed 0.5% this week, and Japan’s Nikkei Stock Average NIK, +0.78%  Nikkei gained 1%.
On Friday, the Shanghai Composite gained 1.9%, and the Hang Seng Index HSI, -0.80%  fell 0.8%.
Shanghai entered a bull market on Thursday, rising 20% since Aug. 26, the bottom of what had been a volatile summer selloff for mainland equities. A bull market is defined as a rise of 20% from a recent low.

WSJ | Forex Closing on November 5, 2015.

The Wall Street Journal Forex Closing
Major Currencies
Thursday, November 5, 2015
Last
US$ vs.
Americas in US$ per US$ % chg
Argentina peso 0.1046 9.5558 0.23
Brazil real 0.2645 3.7813 -0.50
Canada dollar 0.7593 1.3170 0.14
Chile peso 0.001439 694.80 0.39
Colombia peso 0.0003499 2857.57 0.72
Ecuador US dollar 1 1 unch
Mexico peso 0.0602 16.6045 0.41
Peru new sol 0.3030 3.2998 0.34
Uruguay peso 0.03404 29.3800 0.03
Venezuela bolivar 0.15851503 6.3086 unch
 
Asia-Pacific

WSJ | Major Indexes Closing on November 5, 2015.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EST 11/05/15
  Last Chg % Chg
DJIA* 17863.43 -4.15 -0.02
DJ Transportation Average* 8180.15 26.86 0.33
DJ Utility Average* 578.69 -4.76 -0.82
Nasdaq* 5127.74 -14.74 -0.29
Nasdaq 100* 4702.90 -14.66 -0.31
S&P 500* 2099.93 -2.38 -0.11
S&P 400 Mid-Cap* 1464.93 0.44 0.03
S&P 600 Small-Cap* 705.01 1.80 0.26
DJ Total Stock Market* 21749.04 -24.42 -0.11
NYSE Composite* 10548.36 -15.60 -0.15
NYSE Financial* 6520.18 10.47 0.16
Russell 2000* 1190.69 0.30 0.03
NYSE MKT Composite* 2294.21 -17.49 -0.76
KBW Bank* 74.51 0.72 0.98
PHLX Gold/Silver* 48.24 -2.25 -4.46
PHLX Housing Sector* 234.71 1.62 0.70
PHLX Oil Service* 182.55 -4.42 -2.36
PHLX Semiconductor* 659.36 -14.11 -2.10
* at close
See All Major U.S. Indexes

WSJ | Biggest Decliners Closing on November 5, 2015.

NYSE Biggest Percentage Decliners | Nasdaq | Arca | Composite
Friday, November 06, 2015 - 11:17 am ET
  Issue(Roll over for charts and headlines) Price Chg % Chg Volume
1 LSB Industries (LXU) $5.94 -10.28 -63.38 3,330,303
2 TCP International Holdings (TCPI) 0.96 -1.26 -56.76 1,050,346
3 Men's Wearhouse (MW) 22.14 -17.96 -44.79 15,412,759
4 Titan International (TWI) 5.00 -2.07 -29.28 1,029,074
5 Marcus&Millichap (MMI) 30.21 -10.69 -26.14 600,763
6 Aspen Aerogels (ASPN) 6.20 -1.54 -19.92 289,469
7 Dr. Reddy's Laboratories ADR (RDY) 53.40 -11.85 -18.16 939,173
8 Green Dot Cl A (GDOT) 16.03 -3.14 -16.38 731,889
9 Bristow Group (BRS) 30.21 -4.93 -14.04 1,484,914
10 NeuStar Cl A (NSR) 25.83 -3.86 -13.00 1,456,700

WSJ | Biggest Gainers Closing on November 5, 2015.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 11/05/2015
NYSE
Issue Volume Price Chg % Chg
Constellium Cl A (CSTM) 5,164,818 $6.55 1.36 26.20
Par Technology (PAR) 420,586 6.20 1.01 19.46
Triple-S Management Cl B (GTS) 370,197 25.63 4.16 19.38
Shutterstock (SSTK) 2,868,916 33.38 5.37 19.17
Investment Technology Group (ITG) 1,691,561 20.27 3.24 19.03
GoDaddy Cl A (GDDY) 3,580,129 32.41 4.98 18.16
PHH (PHH) 2,098,690 16.89 2.32 15.92
Ralph Lauren Cl A (RL) 4,684,435 130.50 16.93 14.91
WPX Energy (WPX) 16,179,431 8.44 1.03 13.90
USANA Health Sciences (USNA) 359,216 130.82 15.55 13.49
XPO Logistics (XPO) 3,000,742 31.46 3.51 12.56
W&T Offshore (WTI) 2,975,298 3.78 0.42 12.50
Omega Protein (OME) 1,167,708 19.69 2.01 11.37
General Cable (BGC) 635,387 15.95 1.55 10.76
PowerSecure International (POWR) 792,182 14.21 1.36 10.58
Alamo Group (ALG) 101,635 55.37 5.24 10.45
Heritage Insurance Holdings (HRTG) 885,777 23.61 2.21 10.33
Cabela's (CAB) 3,461,489 43.56 4.03 10.19
Stone Energy (SGY) 2,780,468 6.85 0.62 9.95
Kate Spade (KATE) 9,687,615 21.50 1.76 8.92
Matson (MATX) 1,261,625 50.52 4.12 8.88
Triangle Capital (TCAP) 475,929 18.60 1.45 8.45
Huntington Ingalls Industries (HII) 818,538 130.13 9.76 8.11
Checkpoint Systems (CKP) 527,147 6.45 0.48 8.04
Sunoco (SUN) 748,504 36.15 2.64 7.88
 
Nasdaq