Red Results

Thursday’s session closed out in red territory. Merck, Disney, and Boeing led the Dow’s descent. Brands took a breather amid a variety of economic news. Retail sales were up in November. The Census Bureau said that sales increased 0.3%, after slipping 0.3% in October. Economists had expected a 0.5% uptick. Meanwhile, the Bureau of Labor Statistics reported a dip in producer prices. The producer price index fell 0.8% in November following a 0.2% decline in October. The core data edged up 0.1% last month after being down 0.2% in October. Economists had anticipated a 0.5% fall in November and for core data to increase 0.2%. Elsewhere, the Labor Department said initial jobless claims decreased by 29,000 to 343,000 last week. Down from the previous week’s upwardly revised result of 372,000, economists had expected 370,000 new claims. Looking ahead, monthly data on consumer prices will be released tomorrow.

Disclosures:
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing.