December’s Chicago PMI, which was originally reported on Wednesday, was downwardly revised from the initial reading of 60.0 to 58.7, which was still above the expected 56.1 in November to 55.1. The Institute for Supply Management—Chicago said the revisions reflect annual updates to the factors used to adjust for seasonal variations.
The Dow Jones Industrial Average fell 120 points (1.1%) to close at 10,428, the S&P 500 Index dropped 11 points (1.0%) to 1,115, while the Nasdaq Composite lost 22 points (1.0%) to 2,269. Crude oil was $0.28 higher at $79.56 per barrel, and the Bloomberg gold spot price increased $2.33 to $1,095.22 per ounce.For the week, including dividends, the DJIA declined 0.9%, the S&P 500 Index fell 1.0%, and the Nasdaq Composite decreased 0.7%. For 2009, the DJIA rose 22.7%, the S&P 500 Index gained 26.5%, and the Nasdaq Composite advanced 45.4%.
Magnificent Seven Update
Weekly Analysis Of Magnificent Seven ETFs
