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.
Monday Sector Leaders: Music & Electronics Stores, Entertainment Stocks
Related symbols: CONN, RCII, DWA, LGF
Monday Sector Laggards: Textiles, Paper & Forest Products
Related symbols: SQBG, VRS, KS
Friday Sector Leaders: Music & Electronics Stores, Asset Management Stocks
Related symbols: RSH, HGG, JNS, LM
VEU, SRTY: Big ETF Inflows
Related symbols: VEU, SRTY, NSRGY, NVS
Monday's ETF with Unusual Volume: FXN
Related symbols: FXN, XOM, CHK, LPI, RDC
Monday's ETF Movers: XOP, ILF
Related symbols: ATHL, LPI, PBR.A, BBD, ILF, XOP
Daily Dividend Report: CLC, AYI, MORN, ARP, QRE
Related symbols: CLC, AYI, MORN, ARP, QRE
Daily Dividend Report: T, MAS, SCS, PIR, LNN, DOC
Related symbols: T, MAS, SCS, PIR, LNN, DOC
Daily Dividend Report: CVS, CW, WOR, LMT, WGL, DEL
Related symbols: CVS, CW, WOR, LMT, WGL, DEL
Weekly Market Wrap: September 26, 2014
Related symbols: JNS, BBRY, YHOO, MU, CVS, LMT, CPB, WSM
Weekly Market Wrap: September 19, 2014
Related symbols: BABA, YHOO, RAD, ORCL, MMC, IRM, LPT, STLD
Weekly Market Wrap: September 12, 2014
Related symbols: S, BAC, EBAY, AAPL, YHOO, CL, TYC, PM, IP, AMAT
Week Ahead Market Report: September 29, 2014
Related symbols: TIBX, BAC, ATHL, JNS, WAG, AYI, GPN
Week Ahead Market Report: September 22, 2014
Related symbols: BAC, YHOO, AAPL, BABA, VALE, BBBY, KBH, MU, BBRY
Week Ahead Market Report: September 15, 2014
Related symbols: BAC, YHOO, AAPL, NOK, AVNR, ADBE, LEN, CAG, ORCL
All videos » |
Stock market definitions »
Income, Spending and Durable Goods Orders Rise in November
| Market News Video | Copyright © 2008 - 2014, 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.