Monday Market Rundown
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Here’s our Monday rundown of the economic news released last week:
Leading Indicators. The Conference Board’s index of leading indicators increased 0.2 percent in October. The index is considered a gauge of the future health of the economy.
Jobless Claims. The number of Americans who applied for unemployment benefits for the first time fell by 41,000 for the week ending Nov. 17. The number of Americans filing for continuing claims fell 30,000 for the week ending Nov. 10.
Consumer Sentiment. The Thomson Reuters/University of Michigan consumer sentiment index hit a five-year high in November, rising from 82.6 in October to 82.7 in November.
Housing Starts. The number of new homes under construction increased 3.6 percent in October and are at their highest level in more than four years.
Existing Home Sales. Sales of existing homes rose 2.1 percent from September to October and were up 10.9 percent between October 2011 and October 2012.