That seems to be giving investors enough confidence to continue yesterday’s rally this morning after Asian shares stabilized overnight. Construction Spending Declines: But all was not well on the economic-data front on Monday. Construction spending took an unexpected turn for the worse. That might bode well for the housing market, even though the overall construction spending picture wasn’t too bright. Despite the lower-than-forecast headline construction spending number, the GDPNow model estimate for seasonally adjusted annual real GDP growth rose to 2.9% from 2.7%.

Source: Forbes February 04, 2020 14:37 UTC