theGrio and CNBC Market Update: 12/30/13
It’s an abbreviated trading week with the New Year holiday. However, investors expect data on housing, manufacturing and auto sales.
We’ll get a read on housing with the October Case-Shiller Home Price Index Report, which tracks price changes in twenty metro areas such as Atlanta, Chicago and Dallas. In September home prices rose more than 13 percent compared to a year ago with Atlanta posting the biggest gain.
We’ll check on the manufacturing sector with the December report from the institute for supply management. In November new orders pushed manufacturing to its highest level since April 2011, with a 57.3 reading, a reading over fifty signals expansion.
We’ll gain insight on consumers with the November vehicle sales report. In October sales rose 9%, compared to a year ago, due to vehicle incentives and sales of pickup trucks. Chrysler, for example, posted a 16 percent increase in sales.