The Dow Jones Industrial Average traded between the narrow range of 12920 and 12976; ending the day above the 21- day simple moving average at 12920, which shifts the daily cycle to positive. The

Durable Goods Orders dropped 4% last month, the biggest decline since January 2009. Economists were expecting a drop of just 1%. Excluding Transportations orders were down 3.2% instead of the

The International trade balance rose to $48.8 billion in December. The Michigan Consumer Sentiment Survey came in weaker than expected at 72.5. The Dow Jones Industrial Average opened lower and

Next week the economic data releases include New Home Sales on Monday, Consumer Confidence on Tuesday, Durable Goods Orders on Wednesday, the final reading of Q2 GDP on Friday, and Personal Income

Construction Spending for June rose by 0.2%. The national ISM manufacturing Index fell to 50.9 in July, the lowest level in two years. The Dow Jones Industrial Average opened higher on the pending