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CNBC’s Shartia Brantley reports that investors received several data points on the health of the economy. Sales of previously owned homes jumped to their highest level in three and half years up more than in October, while car companies such as Ford, GM, and Toyota reported a sales increase in November.
President Obama and the White House hosted a jobs summit to discuss ways to get Americans back to work. Unemployment dipped to 10 percent in November from its 26-year high of 10.2 percent in October. African-American unemployment dipped slightly to 15.6 percent.
The number of credit card delinquencies rose by 4.4 percent in October as job losses impact consumer’s ability to pay their credit card bills.
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