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.
Analyst Moves: CAG, KBH, ACN, BID
Related symbols: CAG, KBH, ACN, BID, CS, UBS
Analyst Moves: MMM, LULU, CCL, RHT
Related symbols: MMM, LULU, CCL, RHT, JPM, CS, UBS
Analyst Moves: DRI, IACI
Related symbols: DRI, IACI, JEF, WFC
Friday Sector Leaders: General Contractors & Builders, Entertainment Stocks
Related symbols: BRP, KBH, HKTV, RENT
Friday Sector Laggards: Royalty Stocks, Metals & Mining Stocks
Related symbols: IDCC, HGT, BTU, WLT
Thursday Sector Leaders: Advertising, Shipping Stocks
Related symbols: TRMR, DXM, FRO, GNK
Friday's ETF with Unusual Volume: PFM
Related symbols: PFM, T, KO, RBCAA, FAST
Friday's ETF Movers: IBB, XME
Related symbols: AMRN, AVNR, BTU, WLT, XME, IBB
PFF, TMF: Big ETF Outflows
Related symbols: PFF, TMF
Daily Dividend Report: FCX, STT, ERF, MVC, WASH
Related symbols: FCX, STT, ERF, MVC, WASH
Dividend Increases: WDR, MCO, ZTS, CUBE, PIR
Related symbols: WDR, MCO, ZTS, CUBE, PIR
Daily Dividend Report: DRI, NCT, ORCL, PCG, MTGE
Related symbols: DRI, NCT, ORCL, PCG, MTGE
Weekly Market Wrap: December 20, 2013
Related symbols: FB, GIS, FDX, T, FTR
Weekly Market Wrap: December 13, 2013
Related symbols: COST, JOY, LULU
Weekly Market Wrap: December 6, 2013
Related symbols: YUM, JCP, KR, SHLD
Week Ahead Market Report: December 16, 2013
Related symbols: FDX, AIG, LSI, AVGO, INTC, VZ
Week Ahead Market Report: December 9, 2013
Related symbols: AZO, HRB, COST, MW, ADBE, VALU
Week Ahead Market Report: December 2, 2013
Related symbols: BMO, ARO, GES, ALCO, DMND, AEO
All videos » |
Stock market definitions »
Income, Spending and Durable Goods Orders Rise in November
| Market News Video | Copyright © 2008 - 2013, 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.