Thursday, January 26 Market Recap

THURSDAY (DJIA -22) December new home sales were -2.2% vs. +1.9% expected. It was a disappointment and contrary to other housing metrics which have been mostly improving. Durable goods orders in Dec. were up 3%; +2% was expected. Jobless claims were 377K for the week, a decent number. Leading Indicators rose .4% vs .7% expected and .2% the previous month. Earnings reports continue to be somewhat mixed.