Markets took a brief hit following the release of worse-than-expected December durable goods orders data at 8:30 AM, but stocks have come storming back, and the S&P 500 is now up 0.6%, trading at 1792.
In addition to durable goods data:
- The S&P Case/Shiller Home Price Index rose more than expected in November (0.88% actual, 0.80% expected, 1.05% previous)
- The Conference Board’s Consumer Confidence Index unexpectedly rose as well in January (80.7 actual, 78.0 expected, 77.5 previous)
- And the Richmond Fed Manufacturing Index unexpectedly fell (12 actual, 13 expected, 13 previous)
The charts below show movements in various markets.
From left to right across the top are S&P 500 futures, the dollar-yen exchange rate, and the euro-dollar exchange rate. From left to right across the bottom are gold futures, 10-year U.S. Treasury futures, and June 2016 eurodollar futures.