The University of Michigan Final Consumer Sentiment for May came in at 98.0, down 0.8 from the April Final reading. Investing.com had forecast 98.8.
The latest new orders number at -1.7% month-over-month (MoM) was worse than the Investing.com consensus of -1.4%. The series is up 7.6% year-over-year (YoY). If we exclude transportation, "core" durable goods came in at 0.9% MoM, which was better than the Investing.com consensus of 0.5%. The core measure is up 5.7% YoY.
The latest index came in at 29, up from 26 last month, which indicates that activity expanded in May. The future outlook decreased to 26 from 31 last month. Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.
This morning's release of the April Existing-Home Sales decreased from the previous month to a seasonally adjusted annual rate of 5.46 million units. The Investing.com consensus was for 5.56 million. The latest number represents a 2.5% decrease from the previous month and a 1.4% decrease year-over-year.
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for March. U.S. house prices were up 0.1 percent on a seasonally adjusted nominal basis from the previous month. Year-over-year the index is up 6.7% (nonseasonally adjusted). Seasonally adjusted, the index is up 4.73% year-over-year.
This morning's seasonally adjusted 234K new claims, up 11K from the previous week's revised figure, was worse the Investing.com forecast of 220K. From the release: "The claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal."
We've added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple.
"Travel on all roads and streets changed by +0.5% (+1.4 billion vehicle miles) for March 2018 as compared with March 2017. Travel for the month is estimated to be 268.7 billion vehicle miles." The 12-month moving average was up 0.05% month-over-month and 0.9% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) is down 0.01% month-over-month and down 0.1% year-over-year.
This morning's release of the April New Home Sales from the Census Bureau came in at 662K, down 1.5% month-over-month from a revised 672K in March. The Investing.com forecast was for 680K. Revisions were made going back to 2013 for seasonally adjusted figures.
The S&P 500 index is arguably the most well-known worldwide. It is based on the market cap of the 500 largest companies in the U.S. The first-ever ETF, introduced in 1989, hoped to mimic the index, but was short-lived due to a lawsuit. Several S&P 500 ETFs have been brought to market since, and we show their performance, as well as the tracking error relative to the S&P 500 Total Return Index (which assumes reinvestment of dividends).