(As of 7:05 am PST)
Stocks are off to another positive start on this holiday
shortened trading session, with the blue chip Dow eyeing its 5th
straight record close. A positive report
on durable goods gave the market a boost early.
The Commerce Dept. reported US durable goods orders surged 3.5% in
November due to a large increase in aircraft and other transportation
orders. Excluding the volatile
transportation sector durable goods still rose 1.2%, better than expected. Orders for core capital goods (an indicator
of business investment) rose 4.5%, a very good sign for business investment in
the year to come. A report on housing
showed new home sales declined 2.1% in November but remained close to its
fastest pace since 2008. International
markets are higher and gold and oil prices are up while the 10 yr.
treasury yield continues to creep toward 3%. It
looks to be another quiet day on the markets.
The stock market is closing at 1 pm ET today and will be closed all of
Christmas Day. From all of us at Miller
Financial Group, LLC, we wish you and your families a safe and Merry Christmas!
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