Economic indicators

The U.S. services sector expanded at a slower pace in January as the non-manufacturing index dropped to 56.7 from 58.0 in December.

New orders for manufactured goods decreased 0.6% in November, after dropping an unrevised 2.1% in October.

The Conference Board's Employment Trends Index (ETI) fell to 109.56 in January from a downwardly revised 110.96 in December.

The New York economy slipped in January, with current conditions falling to its lowest level since June.

The Institute for Supply Management index unexpectedly rose last month.

The University of Michigan’s final January sentiment index fell to a two-year low.

U.S. hiring in January topped all forecasts as wage gains cooled.

The MNI Chicago Business Barometer dropped to 56.7 in January, falling 7.1 points from December's downwardly adjusted 63.8.

The employment cost index, a broad gauge monitored by the Federal Reserve, increased 0.7% in the October-December period.

Jobless claims jumped from a five-decade low to 253,000 in the week ended Jan. 26.

Pending home sales dropped 2.2% to an index reading of 99.0 in December, after a revised 0.9% decline to 101.2 in November.

Private-sector employment increased by 213,000 in January, on a seasonally adjusted basis, ADP estimated Wednesday.

Texas service sector activity “grew at a faster pace in January,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 14.9, from 10.1.

The consumer confidence index decreased to 120.2 in December from a downwardly revised 126.6 last month.

Texas factory activity growth, as measured by the production index, “continued to expand in January.”

The Chicago Fed National Activity Index for December rose to 0.27 from a downwardly revised 0.21 in November.

The December Chicago Business Barometer was revised down to 63.8 from 65.4 previously, following the annual seasonal adjustments.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported slower growth in January, while expectations grew.

The composite of the Leading Economic Index was off 0.1% in December following an unrevised 0.2% rise in November, the Conference Board said Thursday.

Initial claims for U.S. state unemployment benefits fell by 13,000 to 199,000 in the Jan. 19 week, well below expectations for a 210,000 level.