The Producer Price Index for final demand increased 0.4% in November, as prices for final demand goods increased 1.0% and the index for final demand services climbed 0.2%, according to the Bureau of Labor Statistics. The final demand index rose 3.1% for the 12 months ended in November.

Tuesday, the Dow gained 118.77 points (0.49%) to finish at 24,504.80, the NASDAQ decreased 12.76 points (0.19%) to 6,862.32, and the S&P 500 was up 4.12 points (0.15%) at 2,664.11. The Russell 2000 was down 3.72 points (0.24%) at 1,516.12, and the Wilshire 5000 increased 25.55 points (0.09%) to 27,619.84.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.404%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 2.774%.

ON THIS DATE: In 1577, five ships under the command of Sir Francis Drake left Plymouth, England, to embark on Drake’s circumnavigation of the globe. The journey took almost three years. In 1636, the United States National Guard was created when militia regiments were organized by the General Court of the Massachusetts Bay Colony. In 1769, Dartmouth College, in New Hampshire, received its charter. In 1862, in America, an estimated 11,000 Northern soldiers were killed or wounded when Union forces were defeated by Confederates under General Robert E. Lee at the Battle of Fredericksburg. In 1913, the U.S. Federal Reserve System was established. In 1921, Britain, France, Japan and the United States signed the Pacific Treaty. In 1944, during World War II, the U.S. cruiser Nashville was badly damaged in a Japanese kamikaze suicide attack; 138 people were killed. In 1964, in El Paso, Texas, President Lyndon Johnson and Mexican President Gustavo Diaz Ordaz set off an explosion that diverted the Rio Grande River, reshaping the U.S.-Mexican border. This ended a century-old border dispute. In 1966, the rights to the first four Super Bowls were sold to CBS and NBC for total of $9.5 million. In 1991, North Korea and South Korea signed an historic non-aggression agreement. In 1998, Gary Anderson (Minnesota Vikings) kicked six field goals against Baltimore. In the game, Anderson set a National Football League (NFL) record for 34 straight field goals without a miss. In 2000, U.S. Vice President Al Gore conceded the 2000 Presidential election to Texas Governor George W. Bush. In 2001, U.S. President George W. Bush served formal notice to Russia that the United States was withdrawing from the 1972 Anti-Ballistic Missile Treaty.

WEDNESDAY WISDOM: “No snowflake in an avalanche ever feels responsible.”—Stanislaw Jerzy Lec, Polish poet