American Market Closed Slightly High on Christmas Eve

  • Contributor:TX Investment Consulting
  • Date:Dec 25, 2008
  • Pages:3pages
  • Price:$40.00
  • File Type: Adobe Acrobat Reader®
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Excerpts:

Dow Jones Index rose by 48.99 points or 0.58% and closed at 8468.48 points.

American stock market closed in advance on Christmas Eve, with Dow Jones Index up by 48.99 points or 0.58% at 8468.48 points; S&P 500 ascended by 4.99 points or 0.58% at 868.15 point, and NASDAQ Index surged by 3.36 points or 0.22% to 1524.90 points.

 

American durable goods indent declined under expectation.

American durable goods indent slid by 1.0% in November as influenced by reduction of aeroplane and auto indent. In October it declined by 6.9%, and by 8.4% after the adjustment. If the adjustment not taken into consideration, durable goods indent is forecasted to be down by 2.5%, better than the expected 3.0%. It is a reflection of manufacturing industry, and its further decline indicates output of manufacturing industry will be at downside in the coming months. Meanwhile, it is also closely related to consumption. Generally, durable goods indent touching the bottom means the same with consumption status.


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