Economic indicators

The consumer price index Consumer Price Index came in exactly as expected, with a 0.1% rise for the overall reading and a 0.2% gain for the core reading.

The Empire State Manufacturing Survey showed "business activity continued to grow strongly in New York State."

Final demand PPI rose 0.4% in October, well above the 0.1% expected, and was up 0.4% excluding food and energy prices.

Small businesses were more optimistic in October as sales expectations grew, according to National Federation of Independent Business.

Consumers’ inflation expectations held for three-year, but rose for the one-year horizon.

The University of Michigan's preliminary November consumer sentiment index reading was 97.8, compared to the final October 100.7.

The value of wholesale inventories rose 0.3% in September, unrevised from the 0.3% gain estimated in the advance estimate, while wholesale sales rose 1.3%, data released Thursday by the U.S. Commerce Department showed.

Initial claims U.S. state unemployment benefits rose by 10,000 to 239,000 in the November 4 week.

Labor market “activity increased modestly and momentum remained high in October.”

Consumer credit increased by $20.8 billion in September to $3.788 trillion, the Federal Reserve reported Tuesday.

The Conference Board's Employment Trends Index (ETI) rose to 135.57 in October from an upwardly revised 132.86 in September.

The U.S. services sector expanded in October as the non-manufacturing business activity composite index was 60.1.

The value of new factory orders rose by 1.4% in September, rising slightly higher than the expected 1.2% rise by analysts from an MNI survey.

The September trade deficit widened to $43.5 billion, exactly as expected.

U.S. employers added the most workers in a year, rebounding from September’s slowdown, as people resumed work after hurricanes Harvey and Irma.

The New York economy is expanding despite a drop in revenues, the Institute for Supply Management-New York’s Report on Business index, released Thursday, indicated.

Third quarter nonfarm productivity was up 3.0%, slightly ahead of the 2.9% gain expected and the largest increase since the third quarter of 2014.

Initial claims U.S. state unemployment benefits fell by 5,000 to 229,000 in the October 28 week, well below the 235,000 level expected.

The overall economy grew for the 101st straight time, the Institute for Supply Management reported Wednesday.

Construction spending was up 0.3% in September, despite a 0.4% decrease in private construction.