US Leading Indicators Signal Solid Growth
$DIA, $SPY, $QQQ, $VXX
US economic leading indicators rose by 1.2% in October, 2X as much as the 0.6% increase expected by economists polled.
The index “suggests that solid growth in the US economy will continue through the holiday season and into the new year,” Conference Board research director Ataman Ozyildirim said in a statement.
In September, the index declined 0.2%, according to the Conference Board.
The index is a closely followed indicator for how healthy the US economy is.
The Conference Board tracks 10 components, including manufacturers’ new orders, stock prices and average weekly initial claims for unemployment insurance.
Monday, the major US stock market indexes finished at: DJIA +72.09 at 23430.33, NAS Comp +7.92 at 6790.72, S&P 500 +3.29 at 2582.14
Volume: Trade on the NYSE came in at: 732-M/shares exchanged.
- NAS Comp +26.2% YTD
- DJIA +18.6% YTD
- S&P 500 +15.3% YTD
- Russell 2000 +10.8% YTD
All 4 major indexes are Bullish to Very Bullish across the board.
Expect this shortened trading week to be quiet.