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.
Thursday Sector Laggards: Waste Management, Precious Metals
Related symbols: NEWA, HCCI, HBM, ASM
Thursday Sector Leaders: Textiles, Trucking Stocks
Related symbols: ICON, SQBG, YRCW, KNX
Wednesday Sector Laggards: Waste Management, Shipping Stocks
Related symbols: NEWA, HCCI, DSX, NMM
Thursday's ETF with Unusual Volume: MDYV
Related symbols: MDYV, SWN, ENDP, PZZA
Thursday's ETF Movers: SOXX, GDXJ
Related symbols: ON, TSM, EXK, MAG, GDXJ, SOXX
VWO, GXG: Big ETF Outflows
Related symbols: VWO, GXG, TSM, BABA, CNE.CA
Daily Dividend Report: MS, ED, KMI, CCL, PPG, HPE
Related symbols: MS, ED, KMI, CCL, PPG, HPE
Daily Dividend Report: FAST, O, VNO, OHI, ADP
Related symbols: FAST, O, VNO, OHI, ADP
Daily Dividend Report: LNT, CPG, VET, QCOM, AON, NNN
Related symbols: LNT, CPG, VET, QCOM, AON, NNN
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Income, Spending and Durable Goods Orders Rise in November
| Market News Video | Copyright © 2008 - 2018, 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.