More records for the market to start off the holiday shortened week
as the market internals were positive in line with the market’s gains.
The small-caps once again led the way as the S&P 600 and Russell
2000 were both up over 1%.
The Dow Utilities and the Philadelphia Oil Service Index led on the
downside losing over 0.80% on the day. The market seemed to shrug off
the disappointing economic data and the market gets a series of new
economic reports before Thanksgiving.
Today we get the second reading on the 3rd quarter GDP, the S&P
Case-Shiller Housing Price Index, and Consumer Confidence. On
Wednesday, we get the University of Michigan's month end reading on
Consumer Sentiment, Durable Goods, New Home Sales, and the Pending Home
Sales Index. (more)
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