Existing home sales tumbled 16.7% month-over-month in December to an annual rate of 5.45 million units, worse than the 9.8% decrease forecast by economists, and after advancing 7.4% in November and 9.9% in October. Details from Bloomberg...
The Dow Jones Industrial Average rose 24 points (0.2%) to close at 10,197, the S&P 500 Index added 5 points (0.5%) to 1,097, and the Nasdaq Composite gained 3 points (0.6%) to 2,211. Crude oil was $0.72 higher at $75.26 per barrel, and the Bloomberg gold spot price increased $4.80 to $1,098.00 per ounce.
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