Stocks moved higher as jobless claims came in lower than expected and durable goods met forecasts. Chicago PMI missed consensus at 36.3, keeping focus on potential rate cuts, while the U.S. dollar edged lower. Treasury markets saw a $70 billion 5-Year Note auction clear at 3.562%, and Gold futures gained on shifting rate expectations, diverging from Bitcoin. The focus turns to the Fed's Beige Book for signs of cooling labor demand and price pressures ahead of the holiday market closure.
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