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From The Trading Floor: Boosted by a November retail sales report that showed sales increased the most in 8 months in addition to a report that showed jobless claims were declining, equities are advancing this morning after 3 days of decline

  • Jobless Claims for the week ending December 6th decreased by 3000 to 294,000, a three week low as an improving economy aided the labor market

  • Retail Sales in the US. rose in November by the most in 8 months (0.7%) as shoppers benefited from an improved labor market and cheaper fuel. Sales excluding autos jumping 0.5%. The boost in retail sales, which also included upward revisions for October, followed neatly with the stronger than expected auto sales for November and the encouraging 0.9% increase in aggregate earnings seen in the November employment report

  • The Import Price Index for the month of November fell by -1.5%

  • Consumer Comfort for the period ending December 7th rose to 41.3

  • Business Inventories for the month of October increased by 0.2%

  • Hilton Worldwide is in talks to take the proceeds and buy four other properties from Blackstone and others. The purchases include one hotel in San Francisco, one in Orlando, and two resorts in Key West. 

  • LendingClub (LC) priced 58 million shares at $15. The opening print was $24.75 on 5,759,264 shares.

  • Fiat Chrysler has priced an offering of 87M common shares at $11 apiece as it seeks funds to cut debt and bankroll a costly new-model development plan.

  • Increasing its lending target for 2014, China has told banks to issue more loans by the end of the year to lift flagging economic growth. The People's Bank of China will now permit banks to lend more than 75% of their deposits and allow banks to lend a record 10T yuan ($1.6T) for all of 2014, up from a previous target of 9.5T yuan

  • Resistance today is at the 2048 / 2051 level with support at 2013 / 2016


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