January 9, 2017
Consumers are borrowing more and more on their credit cards, which either points to confidence and strong spirits or lack of spending power. In either case, it may be a good omen for December spending and Friday's retail sales report.
Starting at 19,963, the Dow couldn't make a run at 20,000, opening lower and ending down 0.4 percent to 19,887.
The S&P also lost 0.4 percent though the Nasdaq rose 0.2 percent. Rates were little changed while the dollar index slipped 0.3 percent to 101.96. Despite confirmation that the Saudis are cutting output, oil fell $2 to just below $52. Gold firmed slightly and is near $1,185.