Equity and Bond Yields Rose Last Week

Christmas week saw stocks climb higher, despite a tumble last Friday. Each of the benchmark indexes listed here posted gains, led by the Global Dow and the NASDAQ. Scant holiday trading amplified market moves during the week. Information technology led the market sectors, with health care, communication services, utilities, financials and energy also outperforming. Bond values receded, pushing yields higher. The dollar edged up, while gold prices ticked lower. Crude oil prices gained after falling the previous week.

Trade Deficit Increased in November

The international trade in goods deficit rose 4.7% in November. Exports increased 4.4% and imports advanced 4.5%. Since November 2023, the international trade in goods deficit increased by 16.1%. During that period, exports rose 6.1% and imports advanced 9.6%.

Eye on the Week Ahead

This is expected to be a slow week in the market and for important economic data. The manufacturing purchasing managers’ survey for December is available this week. The manufacturing sector has been slowly picking up steam heading into the new year. It is possible that the December purchasing managers’ index will actually show growth, which hasn’t happened in quite some time.