US markets made a green close despite a lackluster day of trade

US markets made a positive close on Wednesday with trade remaining lackluster and the traders in a holiday mood, as the market will be closed on Thursday, while Friday will be a half-day session. Traders were also cautious with mixed set of macro data, while the US consumer spending rose modestly in October and the consumer confidence was near a 7-1/2-year high, a measure of business spending plans fell for a second straight month. Also, the Labor Department released a report before the start of trading, showing an unexpected increase in initial jobless claims in the week ended November 22nd. The report said initial jobless claims rose to 313,000, an increase of 21,000 from the previous week's revised level of 292,000. Separately, pending home sales in the US despite unexpectedly declining in the month of October remained at a healthy level. National Association of Realtors’ pending home sales index tumbled 1.1 percent to 104.1 in October from an upwardly-revised 105.3 in September. A Commerce Department report said durable goods orders climbed by 0.4 percent in October following a revised 0.9 percent decrease in September. The Dow Jones industrial average gained 12.81 points or 0.07 per cent, to 17,827.75, the S&P 500 ended higher by 5.8 points or 0.28 per cent, to 2,072.83, while the Nasdaq Composite added 29.07 points or 0.61 per cent, to 4,787.32. Indian ADRs made a mixed closing on Wednesday, HDFC Bank was up by 0.49%, Wipro was up by 0.07% and Infosys was up by 1.02%. On the other hand ICICI Bank was down by 0.16% and Tata Motors was down by 1.26%.