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Major market averages pushed higher on Wednesday ahead of a last morning batch of economic numbers before Thanksgiving.
Early on and the Nasdaq Composite (COMP.IND) was +0.5%, the S&P 500 (SP500) was +0.3%, and the Dow (DJI) was +0.3%.
“Today will slow down very rapidly as the New York lunchtime approaches as planes, trains and automobiles are sequestered,” Deutsche Bank’s Jim Reid said.
The 10-year Treasury yield (US10Y) gained 3 basis points to 4.43%. The 2-year yield (US2Y) was up 5 basis points to 4.92%.
On the economic data front, weekly initial jobless claims fell by 24K to 209K, compared with the 225K expected level
At the same time, October durable goods figures hit. Data showed orders fall sharply by 5.4% in October to $279.4B, compared with the 3.2% decrease that was expected.
Moreover, the final measure of Michigan November consumer sentiment rose to 61.3 in the final November reading from the 60.4 initial estimate, but fell from 63.8 in October.
