And the data came in great.
Here's a quick round-up:
- The very first data point to beat expectations was durable goods orders at 8:30 a.m. Et. The headline number climbed 3.6%, beating expectations for a 3% rise.
- Next was the Case-Shiller home price index for May which climbed 12.05% year-over-year in April, beating expectations for a 10.6% rise.
- The FHFA home price index was out next this missed expectations rising 0.7% but, the March number was revised up to show a 1.5% rise.
- New home sales beat expectations rising 2.1% in May to an annual rate of 476,000, and Aprils number was revised up to show a 3.3% rise.
- Consumer confidence jumped to 81.4 in June, beating expectations for 75.1 and up from a revised 74.3 in May.
- Finally the Richmond Fed's manufacturing index surged to +8 in June, from -2 in May. This beat expectations for a rise to +2.
This adds to signs that the economy is continuing to gather steam.
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