Income, Spending and Durable Goods Orders Rise in November Friday, December 23, 12:44 PM ET
Income and spending rose in November, as did orders for durable goods.
According to Commerce Department data released today, personal income grew by 0.1% in November, and consumer spending gained the same amount.
Growth in both figures was less than economists had expected.
The Commerce Department also said that orders for durable goods rose 3.8% in November.
The figure, meant to measure demand for items that last longer than three years, gained the most since July, boosted by aircraft orders.
Excluding defense and transportation, orders actually declined 1.2%m the largest decline since the beginning of the year.
The dollar index was trading lower after the reports, leading the U.S. Dollar Bullish Fund (AMEX:
UUP) to trade flat.
Gold, meantime, was trading higher, giving a boost to the iShares Gold Trust (AMEX:
IAU), trading up .3% and the SPDR Gold Shares (AMEX: GLD), trading up over .2%.
Crude oil is trading higher Friday, sending the DB Oil Fund (AMEX:
DBO) to trade up about .3%, and the Energy Select Sector SPDR (AMEX: XLE) to trade down slightly.
For MarketNewsVideo.com, I'm Sayoko Murase.
Wednesday Sector Leaders: Aerospace & Defense, Computer Peripherals
Related symbols: BA, TXT, KTCC, JNPR
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services
Related symbols: BBG, PTEN, NBR, NNA
Tuesday Sector Leaders: Precious Metals, Biotechnology Stocks
Related symbols: THM, FSM, ADXS, CFRX
Wednesday's ETF with Unusual Volume: PSAU
Related symbols: PSAU, ABX, NEM, AMS, DPM
Wednesday's ETF Movers: IXN, OIH
Related symbols: EA, AAPL, PTEN, NBR, OIH, IXN
ACWI, HYND: Big ETF Outflows
Related symbols: ACWI, HYND, AAPL, XOM
Daily Dividend Report: AAPL, WFC, IBM, EXC, BDX, JCI, NBL, GWW, PX
Related symbols: AAPL, WFC, IBM, EXC, BDX, JCI, NBL, GWW, PX
Daily Dividend Report: AAL, ARG, ENR, NYCB, CR, OSK, RBC, PRGO, AOS, NGL
Related symbols: AAL, ARG, ENR, NYCB, CR, OSK, RBC, PRGO, AOS, NGL
Daily Dividend Report: INTC, CMS, WES, ALE, SBUX, PH, POM, CNW, FUL
Related symbols: INTC, CMS, WES, ALE, SBUX, PH, POM, CNW, FUL
Weekly Market Wrap: January 9, 2015
Related symbols: BAC, SAN, AAPL, CL, MET, COG, DDR
Weekly Market Wrap: January 2, 2015
Related symbols: BAC, AAPL, GE, SIRI, DOC, TCFC, NYRT, PNC
Weekly Market Wrap: December 26, 2014
Related symbols: BAC, AAPL, RAD, GILD, GRPN
Week Ahead Market Report: January 26, 2015
Related symbols: BA, GE, BABA, AAPL, OCN, BAC, AOS, MMM
Week Ahead Market Report: January 12, 2015
Related symbols: NPSP, BAC, AAPL, MU, CSCO
Week Ahead Market Report: December 29, 2014
Related symbols: BAC, AAPL, RAD, SIRI, ACHI, GAME, EXPO
All videos » |
Stock market definitions »
Income, Spending and Durable Goods Orders Rise in November
| Market News Video | Copyright © 2008 - 2015, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.