Holiday Economy Boost US Stocks To New Heights

In terms of US stock performance, last week was an excellent week, and November was also an excellent month. In the 4 trading days of last week, the S & P 500 index reached a closing high on 3 trading days. On Thursday, the US stock closed on Thanksgiving Day, and the US stock closed early at 1 p.m. on Friday. Although the market failed to hit a new closing high last Friday, it still hit a new high. As of last week, U.S. stocks rose sixth weeks in a row. Although OPEC's decision to cut production was not made on Thursday, energy shares plummeted, but boosted traffic, consumption and retail sales. International oil prices fell to a four year low; meanwhile, the US energy sector plunged 9.45% last week.

On the 4 trading days of last week, the S & P 500 index rose 0.2% to 2067.56 points, rising 13.56% from the 1820 low in October 15th. The VIX market panic index fell to 13.33 from 13.57 in the previous week. Last Monday, Tuesday and Wednesday, the S & P 500 hit a new closing high, hitting a new high on Friday, but the market was down 0.25%. In the 19 trading day of November, US stocks reached a closing high on the 12 trading day. This is a rare good result in the same period of history.

stay S & P 500 Index stocks, 345 stocks rose last week, less than the previous week's 400 stocks; 156 stocks fell, more than the previous week's 100 stocks, of which, the energy sector fell across the board, 43 of the 42 energy stocks fell, only energy giant Morgan (KMI) against the market 4.03%.

Because Thanksgiving was closed last week. US stock trading volume The slide fell by 9%, but the decline was less than expected, which means that the volume of market transactions is better than expected. This week, the market will enter a new month's transaction. According to the historical data of S & P, the market in December was up 74%.

Looking forward to this week, Macro economy In terms of data, the ISM building industry index for November will be released on Monday, which is expected to decline from 59 in October to 57. The US sales figures for November will be released on Tuesday, and the annual growth rate of auto sales is expected to fall to 5 million 600 thousand from 5 million 700 thousand in October. Among them, light truck sales will increase by 7 million 500 thousand compared to the same period, better than 7 million 300 thousand in October. The construction industry expenditure report will also be released on October. The weekly mortgage loan application data and ADP employment survey report will be released on Wednesday. It is estimated that 205 thousand new jobs will be created in November and 230 thousand new jobs in October. The service purchasing managers index (PMI) and ISM non manufacturing report will also be released on November. The ISM non manufacturing index is expected to decline from 57.1 in October to 56.5. The weekly unemployment report will be released on Thursday. The monthly employment report will be released on Friday. It is expected that the number of new jobs will be 215 thousand in November, almost equal to 214 thousand in October. In November, the number of new employment in the private sector will be 205 thousand. The hourly wage will increase by a small 0.2%, and the average working hours per week will be reduced from 34.6 hours in October to 34.5 hours. The unemployment rate is expected to decrease from 5.8% in October to 5.7%.