Dow Jones Analysis: November 28, 2014
ICM Brokers | Nov 28, 2014 12:50AM ET
Dow Jones
Dow Jones Industrial Average closed at an all-time high. As U.S. stock indexes rose to records, while the dollar fell and Treasuries climbed, as investors assessed American economic data. Consumer spending in the U.S. climbed at the same pace as incomes in October, signaling households is staying within their means as the holiday shopping season begins. Other data showed demand for capital goods unexpectedly dropped in October, while new homes sold at a slower pace than forecast. Oil ministers from the 12 Organization of Petroleum Exporting Countries will meet in Vienna after Venezuela, Saudi Arabia, Mexico and Russia yesterday failed to agree to on a supply cut.
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