Stocks failed to set a five year high today as the S & P 500 and the Dow had slight losses while the NASDAQ advanced slightly. Durable goods orders had a surprisingly good month in December having advanced 4.6 % rather than the 1.6% increase that was expected. Durable goods are large ticket items that suggest increased construction and manufacturing in coming months. Pending home sales dropped 4% versus the expected flat performance. After skittering along close to even all day, the Dow closed down 14 points.
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