Total production rose an unexpected 0.6%, but manufacturing production growth slowed to 0.1%. The U.S. Federal Reserve released the September U.S. Industrial production data. Economists had predicted the total production rate to match August’s 0.4% rate, but they had also expected that manufacturing production growth would be at 0.3%.
Journalists were decidedly mixed in their reporting on these numbers. How do you read our production outlook? Is the glass half-empty or half-full? Comment below.
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It was a solid week for global stock markets, with the Dow Jones up 1.11% and the S&P 500 rising 0.88%. The MCSI Emerging Markets Index had its first down market in weeks, falling 1.30%.
Big gainers in your Bull Market Alert portfolio included Krispy Kreme Doughnuts (KKD), which rose 2.04%, and Gentherm (THRM), which added 1.64%. WellPoint, Inc. (WLP), however, fell below its 50-moving average and moved to a HOLD.
You were stopped out of biotech bet Celgene (
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