The Closing Look

Stocks were relatively quiet on Thursday as investors digested the latest round of economic data and Tuesday and Wednesday’s strong rally. Weekly jobless claims slid by 10k to 268k, beating estimates for 275k. Durable goods rose 3.4%, beating estimates for 0.3%. Meanwhile, pending home sales, jumped 5.1%, easily beating the Street’s forecast for 0.8%.

Gary’s Thoughts: Snore…but that was and is one heck of a positive bias into end of month and pre-holiday.