U.S. equities turned in a terrific week, as Wall Street reacted favorably to much better-than-expected earnings reports and less negative economic data.

The Purchasing Managers’ Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors based on surveys collected from thousands of companies.

Durable goods orders are new orders placed with domestic manufacturers for factory hard goods.

The markets endured a rocky week, declining more than 3% early in the week before slowly rallying to end the week with modest gains.

On Tuesday, the Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers increased 0.3% in August on a seasonally adjusted basis after rising 0.5% in July.

The Mortgage Bankers Association releases a survey that covers over 75 percent of all U.S. retail residential mortgage applications and has done so every week since 1990.

U.S. equity markets wrapped up the week mixed, as the tech-laden NASDAQ (+1.6%) outpaced the large-cap S&P 500 (+0.6%) and smaller-cap Russell 2000 (+0.7%) heading into the holiday weekend

The major U.S. equity indices all jumped on the week, with the smaller-cap Russell 2000 advancing 5.1% to lead the way…

According to the University of Michigan Consumer Sentiment survey, consumers are now the least confident they have been not just throughout the pandemic, but also in the last decade.

U.S. stock markets were mixed this week, but both the S&P 500 and the DJIA were able to squeeze out modest gains on their way to new record highs.