Durable goods orders rose by 0.2% in November, versus the 0.5% rise that had been forecast, and October’s 0.6% decrease in orders was left unchanged. Ex-transportation, orders were up 2.0%, compared to the 1.1% growth forecast.
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The Dow Jones Industrial Average rose 54 points (0.5%) to close at 10,520, the S&P 500 Index added 6 points (0.5%) to 1,126, while the Nasdaq Composite gained 16 points (0.7%) to 2,286. Crude oil was $0.70 higher at $77.37 per barrel, and the Bloomberg gold spot price increased $16.85 to $1,104.40 per ounce. For the week, the DJIA rose 1.9%, the S&P 500 Index gained 2.2%, while the Nasdaq Composite advanced 3.4%.
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