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Consumer confidence surged yet again in November, with the index jumping to 129.5 from 125.9 in October, the Conference Board said Tuesday. That’s the highest reading since November 2000 and easily exceeded the 124.8 forecast of economists polled had forecast a reading of 124.8.
READ MOREThe S&P/Case-Shiller national index rose a seasonally adjusted 0.7% during the three-month period ending in September, and was up 6.2% compared to the same period a year ago. The 20-city index rose a seasonally adjusted 0.5% for the month and 6.2% for the year.
READ MORENew-home sales surged to a decade high in October, running at a 685,000 seasonally adjusted annual rate that was 6.2% higher than a downwardly-revised September pace.
READ MOREStocks opened little changed Wednesday, a day after all three major indexes closed at records, as investors awaited minutes of the Federal Reserve’s November meeting and digested the latest round of economic data. Trade was expected to be thin ahead of the Thanksgiving Day holiday on Thursday and an abbreviated market session on Friday.
READ MOREInitial jobless claims, a tool to measure U.S. layoffs, fell by 13,000 to 239,000 in the week ended Nov. 18. That’s below the 240,000 estimate of economists polled. The more stable monthly average of claims rose 1,250 to 239,750, the government said Wednesday. The number of people already collecting unemployment benefits, known as continuing claims,
READ MOREDurable-goods orders fell 1.2% in October, well below the forecast of a 0.7% gain. Excluding transportation orders increased 0.4%. Business investment dipped 0.5% based on a closely followed measure known as core capital goods orders. These orders have climbed a healthy 8.1% in the past year, however, suggesting the recent decline is temporary. Durable-goods shipments
READ MOREExisting-home sales ran at a 5.48 million annual rate in October, the best monthly rate since June, the National Association of Realtors said Tuesday. Economists surveyed had forecast a 5.45 million pace. September’s pace, originally reported as 5.39 million, was revised down to 5.37 million. The median sales price was $247,000, and October marked the
READ MOREThe Commerce Department on Friday said October housing starts surged, rising 13.7% to a seasonally adjusted annual rate of 1.29 million. September estimate was revised to 1.135 million. Economists polled expected a 1.2 million rate. Building permits, a less volatile series, rose 5.9% to 1.3 million.
READ MOREU.S. housing starts were forecast to total 1.185 million in October, up from the 1.127 million reported for the previous month.
READ MOREThe Philadelphia Fed’s manufacturing index slowed to a reading of 22.7 in November from 27.9 in October. Any reading above zero indicates improving conditions.
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