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• Equities were slightly higher for the week as the Fed’s suggested they were okay with reasonably tighter financial conditions in fixed-income markets.
• Manufacturing grew faster than expected causing treasury prices to fall for the week.
• Large-cap stocks outperformed small-cap stocks while large-cap growth outperformed large-cap value stocks.
• For the week, US based equity mutual funds had an inflow of $3.1 billion.
• The ISM manufacturing index increased to 56.4 in October, its highest level since April 2011.
• For September, the consumer price index increased 0.2% led by energy and rent while retail sales declined 0.1%.
• Telecom services and consumer staples were the best performing sectors, while materials and financials were the worst performing sectors.
• For the week ending 11/01/13, the S&P 500 gained 0.11% closing at 1761.64. The MSCI EAFE Index lost -1.47% closing at 1858.53 and the MSCI EM Index rose 0.06% to end the week at 1027.87.
