The Stock Market Is Rallying – Business Insider

The Stock Market Is Rallying – Business Insider

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.

Thinkorswim

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The Stock Market Is Rallying – Business Insider

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