U.S. stocks closed higher Wednesday, the market due to holiday falls on light trading. GM (General Motors) and Citigroup (Citigroup), and other companies have recently suffered the setback rebound, the stock market to close higher. However, the type of material, and other economically sensitive companies have been weak consumer spending and drag the poor unemployment data.
The stock market ahead of Wednesday's close, the Dow Jones Industrial Average index closed up 48.99 points to 8468.48 points, or 0.58 percent, but down 36 percent this year, cumulative, in December fell a total of 4.1 percent. Standard & Poor's 500 index rose 4.99 points to 868.15 points, or 0.58 percent. The Nasdaq composite index rose 3.36 points to 1524.90 points, or 0.22 percent.
Data:
U.S. MBA Market Index rose 48.0 percent to 1245.4; last week to 841.4; MBA purchasing index rose 10.6 percent to 316.5; last week to 286.1; MBA refinancing index rose 62.6 percent to 6758.6; for 4156 last week.
United States Department of Labor (Labor Department) Wednesday announced a seasonally adjusted basis, as of December 20 the week for the first time the number of applications for unemployment benefits increased 30,000, to 586,000, a record high of 26 years. Every Thursday due to the Christmas holidays, the data released a day ahead of schedule. Prior to Dow Jones Newswires (Dow Jones Newswires) survey of economists expected, on December 20 weeks when the United States for the first time the number of applications for unemployment benefits will increase by 6,000 people.
U.S. Department of Commerce (Commerce Department) published Wednesday, seasonally adjusted, the United States in November durable goods orders dropped 1.0 percent, to 186,880,000,000 U.S. dollars. Above the 1.0 percent drop lower than market expectations. Wall Street analysts had expected durable goods orders in November fell 3.0 percent of the total.
U.S. personal spending in November for the fifth consecutive month decline, while the previous one of the key indicators to measure inflation low, but consumers want to reduce the economic recession of their own lives, the U.S. personal savings in November also increased again. Wednesday, the Commerce Department reported a seasonally adjusted basis, November personal spending fell 0.6 percent from the previous month; October personal spending fell 1.0 percent for the initial value.
Data released Wednesday showed that on December 13 the week the Dow Jones - Mitsubishi Tokyo UFJ Bank (Dow Jones-Bank of Tokyo-Mitsubishi-UFJ) business climate index fell 0.5 percent after declining 0.7 percent for the week.
U.S. Department of Energy: U.S. crude oil inventories fell last week, 3,101,000 barrels, to 3.18188 billion barrels; gasoline inventories increased by 3,336,000 barrels per day, to 2.07295 billion barrels; distillate inventories increased by 1,814,000 barrels per day, to 1.35337 billion barrels.
Stock:
Stocks higher in large part by the impact of General Motors, which rose 25 cents to 3.25 U.S. dollars, an increase of 8.3 percent.
Bank of America (Bank of America) and Citigroup led a large banking stocks, Bank of America rose 78 cents to 13.53 U.S. dollars, up 6.1 percent; Citigroup rose 26 cents to 6.78 U.S. dollars, or 4%.
Home builder stocks fell across the board again Wednesday, Pulte Homes fell 23 cents to 10.31 U.S. dollars, or 2.2 percent.
Although the number of non-essential consumer stocks rose slightly on Wednesday, but this year's holiday shopping season, business performance for the past several decades may be the worst fears mood level is still lingering. Macy's rose 11 cents to 8.82 U.S. dollars, or 1.3 percent, but the unit still has this week dropped a total of 17%.
Bulk commodity prices and the trend of the stock market's further evidence of the slowdown in global economic growth expectations. Alcoa (Alcoa) fell 18 cents to 9.39 U.S. dollars, or 1.9 percent, since the unit earlier this year hit a peak level has since dropped 79%.
European stock markets Wednesday Review:
European stock markets closed Wednesday down overall. This is the week's last trading day.
UK FTSE 100 index closed down 0.9 percent, to 4216.6 points, the French CAC-40 index fell 0.4 percent, to 3116.2 points. Frankfurt market closed Wednesday. Trading was quiet in the market, the market can guide the company more than news.
The stock market ahead of Wednesday's close, the Dow Jones Industrial Average index closed up 48.99 points to 8468.48 points, or 0.58 percent, but down 36 percent this year, cumulative, in December fell a total of 4.1 percent. Standard & Poor's 500 index rose 4.99 points to 868.15 points, or 0.58 percent. The Nasdaq composite index rose 3.36 points to 1524.90 points, or 0.22 percent.
Data:
U.S. MBA Market Index rose 48.0 percent to 1245.4; last week to 841.4; MBA purchasing index rose 10.6 percent to 316.5; last week to 286.1; MBA refinancing index rose 62.6 percent to 6758.6; for 4156 last week.
United States Department of Labor (Labor Department) Wednesday announced a seasonally adjusted basis, as of December 20 the week for the first time the number of applications for unemployment benefits increased 30,000, to 586,000, a record high of 26 years. Every Thursday due to the Christmas holidays, the data released a day ahead of schedule. Prior to Dow Jones Newswires (Dow Jones Newswires) survey of economists expected, on December 20 weeks when the United States for the first time the number of applications for unemployment benefits will increase by 6,000 people.
U.S. Department of Commerce (Commerce Department) published Wednesday, seasonally adjusted, the United States in November durable goods orders dropped 1.0 percent, to 186,880,000,000 U.S. dollars. Above the 1.0 percent drop lower than market expectations. Wall Street analysts had expected durable goods orders in November fell 3.0 percent of the total.
U.S. personal spending in November for the fifth consecutive month decline, while the previous one of the key indicators to measure inflation low, but consumers want to reduce the economic recession of their own lives, the U.S. personal savings in November also increased again. Wednesday, the Commerce Department reported a seasonally adjusted basis, November personal spending fell 0.6 percent from the previous month; October personal spending fell 1.0 percent for the initial value.
Data released Wednesday showed that on December 13 the week the Dow Jones - Mitsubishi Tokyo UFJ Bank (Dow Jones-Bank of Tokyo-Mitsubishi-UFJ) business climate index fell 0.5 percent after declining 0.7 percent for the week.
U.S. Department of Energy: U.S. crude oil inventories fell last week, 3,101,000 barrels, to 3.18188 billion barrels; gasoline inventories increased by 3,336,000 barrels per day, to 2.07295 billion barrels; distillate inventories increased by 1,814,000 barrels per day, to 1.35337 billion barrels.
Stock:
Stocks higher in large part by the impact of General Motors, which rose 25 cents to 3.25 U.S. dollars, an increase of 8.3 percent.
Bank of America (Bank of America) and Citigroup led a large banking stocks, Bank of America rose 78 cents to 13.53 U.S. dollars, up 6.1 percent; Citigroup rose 26 cents to 6.78 U.S. dollars, or 4%.
Home builder stocks fell across the board again Wednesday, Pulte Homes fell 23 cents to 10.31 U.S. dollars, or 2.2 percent.
Although the number of non-essential consumer stocks rose slightly on Wednesday, but this year's holiday shopping season, business performance for the past several decades may be the worst fears mood level is still lingering. Macy's rose 11 cents to 8.82 U.S. dollars, or 1.3 percent, but the unit still has this week dropped a total of 17%.
Bulk commodity prices and the trend of the stock market's further evidence of the slowdown in global economic growth expectations. Alcoa (Alcoa) fell 18 cents to 9.39 U.S. dollars, or 1.9 percent, since the unit earlier this year hit a peak level has since dropped 79%.
European stock markets Wednesday Review:
European stock markets closed Wednesday down overall. This is the week's last trading day.
UK FTSE 100 index closed down 0.9 percent, to 4216.6 points, the French CAC-40 index fell 0.4 percent, to 3116.2 points. Frankfurt market closed Wednesday. Trading was quiet in the market, the market can guide the company more than news.
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