It was a Holiday shortened week. On Thursday, the November Durable Goods came in lower at 0.1% versus 2%. Then on Friday, the big news was the dissapointing twelve-month low for New Home Sales in November at 647k versus 717k, a drop of 9% from the previous month.
The major indices finished the week lower:
S&P500 -0.40%
Dow Jones -0.63%
Nasdaq -0.65%
Russell 2000 -1.76%
The US Dollar closed lower at 76.218 and gold finished the week at $842.70, up $27.30 on the lower dollar and the tragic events in Pakistan.
To look at next week's economic calendar click here.
Amaury
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