S&P500 +0.25% (2,263.79) ;NASDAQ +0.47% (5,462.69) ;DJIA +0.46% (19,933.81)
This week’s reports:
- November’s CB Leading Indicator was flat versus October’s +0.1% m/m.
- December’s Markit PMI Composite (prelim.) fell to 53.7 from November’s 54.9. Markit Services PMI (prelim.) fell to 53.4 from November’s 54.6.
- November’s Personal Spending rose by 0.2% from October’s upwardly revised +0.4%. Per-sonal Income was flat versus October’s downwardly revised +0.5%.
- December’s Michigan Consumer Sentiment Index rose to 98.2 from November’s 98.
- November’s New Home Sales rose to an annual pace of 0.592M from October’s pace of 0.563M. Existing Home Sales rose to an annual pace of 5.61M from October’s pace of 5.57M.
- November’s Durable Goods Orders fell 4.6% from October’s +4.6%. Durable Goods Orders ex. Transportation rose 0.5% from October’s +0.8%.
- Initial Jobless Claims for the week ending December 16th rose by 21K to 275K. Continuing Jobless Claims for the week ending December 9th rose by 15K to 2,036K.
- US equities rose in light trading before the Christmas holiday, with gains in health care shares outweighing declines in consumer-discretionary and energy companies.
- Financial markets showed little movement on the last trading day before the Christmas holidays as investors assess the post-election rally that’s added trillions to the value of global equities and lifted the dollar to a multiyear high.