The markets were pretty much flat today on low volume trading, even though financial news on Wall Street was very good to investors. Sales on new houses was up, and interest rates dropped for the first time in five weeks. Consumer spending was up, as was the consumer sentiment report.
The only real down news was a recall that GM will be doing early in the year on some of their 2011 model trucks and SUV’s for a rear axle problem. This did not affect trading for GM as they closed down just .06 at $34.81.
Here are the market numbers to pay attention to for today.
Dow – +14.00 to 11,573 on 100.83 million shares traded
Nasdaq – -5.88 to 2665.60
S&P – -2.07 to 1256.77
Dollar Index – -.20 to 80.45
Gold – -5.40 to 1380.60
Silver – +.05 to 29.30
Oil – +1.00 to 91.48
For more news from around the financial world today, you can check out these articles.
Officials in Mission, Kansas to begin taxing Christians for listing to sermons
After two years of cutting back and saving, consumers spend for the holidays
GM issues recall on their truck and SUV lines
December consumer sentiment rose to highest level in 7 months
The Feds primary goal is the stock market according to new CNBC poll
The college education scam, the student loan bubble, and a lifetime of debt