Re: {LONGTERMINVESTORS} Tracking the US economy -- Thread for discussion and sharing data.

 ·      U.S. stocks closed higher Tuesday, with the Dow industrials rising more than 100 points after the first presidential debate between Democratic candidate Hillary Clinton and Republican contender Donald Trump and a number of stronger-than- expected economic reports. The S&P 500 index rose 13.83 points, or 0.7%, to finish at 2,159.93. The Nasdaq Composite Index finished up 48.22 points, or 0.9%, at 5,305.71. The advance in stocks suggests that U.S. equity markets are betting that Clinton benefited the most from Monday's presidential debate. Stocks are rising on the prospect of a Clinton presidency because the Democrat is viewed as a known quantity while some view Trump as being more unpredictable--a bad thing for stock investors. U.S.-listed shares of Deutsche Bank closed 0.6% higher after the U.S. Justice Department's third highest-ranking official said banks can lower penalties by cooperating with authorities, according to a news report. Oil futures tumbled to settle down 2.7% at $44.67 a barrel after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut oil production at the closely watched informal OPEC meeting on Wednesday. The ICE U.S. Dollar Index , a measure of the buck's strength against a basket of six key rivals, was up 0.2% at 95.47. Stocks in Europe eked out last minute gains as oil's slide dragged on the energy sector. In Asia, shares reversed earlier declines as investors reacted to the U.S. presidential debate, with the Nikkei Stock Average closing up 0.8%. Gold futures settled down 1% at $1,330.40 an ounce.

 

·      U.S. September consumer confidence rose to 104.1, the highest level since August 2007. The Case-Shiller home price index rose 5% for the year in July, while house prices rose 0.6%. The Markit flash services purchasing managers index for September rose to 51.9 in September from 51 in August. (Dow Jones Business News)

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