Durable goods orders rose by 0.3% in December, versus the 2.0% rise that had been forecast. November’s 0.2% increase in orders was downwardly revised to a decline of 0.4%. Ex-transportation, orders were up 0.9%. More from Bloomberg...
The U.S. Senate voted to reconfirm Ben Bernanke to a second four-year term as Chairman of the Federal Reserve.
The Dow Jones Industrial Average fell 116 points (1.1%) to close at 10,120, the S&P 500 Index lost 13 points (1.2%) to 1,085, and the Nasdaq Composite shed 42 points (1.9%) to 2,179. Crude oil was $0.17 higher at $73.84 per barrel, and the Bloomberg gold spot price fell $1.40 to $1,086.50 per ounce.
Magnificent Seven Update
