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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 30, 2020
Page
8
MNI Indicators releases the Chicago business barometer showing 58.2 for November, marking a second consecutive decline and the weakest reading since August. Analysts forecast a drop to 56.5, with readings above 50 signaling growth amid worries over a fall resurgence in coronavirus cases dampening late 2020 growth.
Economists expect the National Association of Realtors pending home sales index to fall 0.6 percent in November after declines of 1.1 percent in October and 2 percent in September. A lag between contracts and completed sales means the November figure reflects prior activity. Data release is due today.
The Commerce Department reports wholesale inventories expanded 1.1 percent in October after gains of 0.9 percent in September and 0.5 percent in August. Economists expect a 0.8 percent rise in the latest month, signaling higher stockpiles may fuel future factory output and economic growth. The November snapshot is released today.
Stocks closed lower on Tuesday with the S&P 500 dipping 0.2 percent after four days of gains. Investors pulled funds from technology shares as Delta Air Lines traded at 40.03 dollars, while lawmakers approved up to 15 billion dollars in extra taxpayer aid for the airline industry under the coronavirus relief bill.
State Sedgwick County in Wichita opened a vaccination drive for ten thousand health care workers including dentists chiropractors optometrists and home health and hospice workers at Intrust Bank Arena. The effort followed a virtual town hall where Black doctors urged vaccines as lifesaving amid rising COVID 19 cases in Kansas.
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