Markets

Industrial production grew 0.9% in October, the Federal Reserve reported Thursday.

The region's manufacturing sector expanded in November, at a slower pace than in October.

U.S. import prices rose by 0.2% in October on a 1.4% gain in fuel prices as well as combined 0.2% gain in the other components, according to data released by the BLS.

Initial claims U.S. state unemployment benefits rose by 10,000 to 249,000 in the November 11 week, well ahead of the 235,000 level expected.

The New York region's service sector activity "expanded at a robust pace," according to the Federal Reserve Bank of New York's November Business Leaders Survey, released Thursday.

The Moody's downgrade comes amid large losses and higher capital spending.

The Illinois Tollway's $300 million deal and the first part of the Chicago Board of Education’s $922 million bond offering came to market on Wednesday. In secondary trading, municipals were stronger on the day.

The first part of the Chicago Board of Education’s $922 million bond offering came to market on Wednesday as the board’s $64.9 million of dedicated capital improvement tax bonds were priced.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.

Business inventories were unchanged at $1.889 trillion in April, while sales were 1.4% higher at $1.390 trillion, the Commerce Department reported Wednesday.