Construction Spending Climbs to 9-Month High | Economic Data Report

Construction Spending Climbs 1.3% to Nine-Month High

Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, March 13. All major U.S. stock indexes rose today, with the Dow Jones Industrial Average up 0.6% and both the S&P 500 and NASDAQ gaining 0.7%. Investors were encouraged by news that U.S. durable goods orders rose 0.4% in January. More significantly, the Commerce Department also reported that construction spending gained 1.3% in January, its largest increase since April 2018—a reversal from December’s 0.8% decline. Meanwhile, the FAA grounded every Boeing MAX 8 and MAX 9 aircraft pending further investigation, and its stock closed up 0.5% after a seven-day losing streak.

Recent Videos

View All Videos

Housing Starts Rise 6%

Market Rebound Continues

Small-Business Confidence Hits Four-Month High

NASDAQ Suffers Largest Decline of 2019

85 Wells Avenue, Suite 109 Newton, MA, 02459 1.800.492.6868

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.