The ISM Non-Manufacturing Index increased back into expansion territory, to 50.1 in December, slightly lower than the 50.5 forecast, versus contraction in November to 48.7. While non-manufacturing new orders fell to 52.1 from 55.1, the employment component rose to 44.0 from 41.6 and the prices index increased 0.9 to 58.7, indicating a slight increase in prices paid.
The Dow Jones Industrial Average rose 2 points (0.02%) to close at 10,574, while the S&P 500 Index added 1 point (0.1%) to 1,137, and the Nasdaq Composite was down 8 points (0.3%) to 2,301. Crude oil was $1.32 higher at $83.09 per barrel, and the Bloomberg gold spot price jumped $20.10 to $1,138.10 per ounce.
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