After a mixed morning, some buyers showed up and indexes did decently on the day. The S&P 500 rallied 0.55% and the NASDAQ 0.86%. Data in manufacturing type economic #s continues to look worrisome ex automotive.
Durable goods fell 5.1 percent in December, far more than expectations for a less-than 1 percent decline. Ex-transportation, the figure declined 1.2 percent. Pending home sales rose just 0.1 percent in December from a downwardly revised November print.Continue reading