Durable goods orders rose for a second-straight month, surging 5.2% in December. Ex-transportation, orders were up 2.6%, well ahead of the forecast of a 0.1% rise.
The Consumer Confidence Index fell from an upwardly-revised 90.6 in December to 87.9 in January, above the forecast of 87.0.
Details from Bloomberg...
The Dow Jones Industrial Average gained 96 points (0.8%) to close at 12,480, the S&P 500 Index rose 8 points (0.6%) to 1,362, and the Nasdaq Composite advanced 8 points (0.3%) to 2,358. Crude oil finished up $0.65 to $91.64 per barrel, and gold fell $4.50 to $922.60 per ounce.
Magnificent Seven Update
