All major indices are moving higher as investors assess this morning’s economic data and look to buy the dip.

The heat map is mostly a sea of green with smaller pockets of red in software and Health Care (XLV) names. Additionally, the Magnificent Seven are mostly moving higher.

All sectors are in the green, with several sectors vying for first place, including Consumer Staples (XLP), Energy (XLE), Materials (XLB), and Technology (XLK). Meanwhile, Health Care (XLV) is the laggard and testing its baseline.

The leading sectors are all making an appearance on the top performers of today. Many of the names on the list are benefiting from investors buying the dip.

Economic Data

New orders for US manufactured durable goods increased 0.5% M/M in September from a 3% increase in August and beating expectations of a 0.3% increase.

Notable Points:

• Transportation equipment grew 0.4% M/M from 8% in August
• Electrical equipment, appliances, and components increased 1.5% M/M from 0.6% in August
• Primary metals improved by 1.4% M/M from 0.5% in August
• Computers and electronic products grew 0.5% M/M from -1.1% in August
• Fabricated metal products increased 0.5% M/M from a flat reading in August

Chicago PMI fell to 36.3 in November from 43.8 in October and below estimates of 44.3. This marked the 24^th consecutive month of readings below 50.

While continuing jobless claims increased to 1.96M in the week ending on November 15^th from 1.953M the prior week, last week’s initial jobless claims fell by 6,000 from the prior week to 216,000, below expectations of 225,000.

As a reminder the market will be closed tomorrow for Thanksgiving and will close early at 1 P.M. EST on Friday.

Wishing everyone and their families a Happy Thanksgiving!

Comments

Would love to see more Eric Jackson and stay current on his recommendations MiMi on 11/26/2025 2:19:34 PM

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