Morning Coffee - Pre-Market Wall Street News

Dow 10557.66  +10.58, Nasdaq 2287.53  -3.55,S&P 1126.67  -1.11 

S&P 500 and Nasdaq continue to post slight losses, but the Dow has held strong in positive territory.  Blue chips in the Dow are currently led by 3M (MMM) 84.20, +0.75, which set a fresh 52-week high this session.  This has helped the industrial sector make its way to a 0.2% gain, which is currently the best of any major sector in the S&P 500.

Energy sector is down -0.7% Its fall came as oil prices pulled back to a -0.8% loss at $78.15 per barrel amid a run up by the U.S. dollar, which is now up a healthy +0.3% against competing currencies.

Treasury prices are down one tick after being up over 5 ticks in earlier trading today.  At 1:00PM EST the results for the 5yr Treasury auction will be announced.

The October Case-Shiller Composite was down -7.28% year-over-year vs. the -7.20% consensus.  No area in the 20 city index posted a year-over-year gain in home prices for the 19th straight month.

A more upbeat outlook on jobs pushed confidence in the economy higher in December for the second month in a row. Consumers' expectations for the job market over the next six months reached their highest level in two years. The Conference Board said its Consumer Confidence Index rose to 52.9, up from a revised 50.6 in November, but the reading is still far short of the 90 that would signify a solid economy.