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Hi. I'm Kristin Bianco. Welcome to the 'Weekly Market Wrap' for January 2, 2015.

The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite are all lower in the last five days of trading.

Crude oil futures are lower so far this week, trading at $53.59 per barrel on Friday afternoon.

And Gold futures are lower so far this week, trading at $1188.09 an ounce this afternoon.

In economic news, the U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2014 was estimated at a seasonally adjusted annual rate of $975.0 billion, 0.3 percent below the revised October estimate of $977.7 billion. The November figure is 2.4 percent above the November 2013 estimate of $952.5 billion. During the first 11 months of this year, construction spending amounted to $884.6 billion, 5.7 percent above the $836.9 billion for the same period in 2013.

Spending on private construction was at a seasonally adjusted annual rate of $697.7 billion, 0.3 percent above the revised October estimate of $695.7 billion. Residential construction was at a seasonally adjusted annual rate of $352.7 billion in November, 0.9 percent above the revised October estimate of $349.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $345.0 billion in November, 0.3 percent below the revised October estimate of $346.1 billion.

In November, the estimated seasonally adjusted annual rate of public construction spending was $277.3 billion, 1.7 percent below the revised October estimate of $282.0 billion. Educational construction was at a seasonally adjusted annual rate of $62.1 billion, 2.5 percent below the revised October estimate of $63.8 billion. Highway construction was at a seasonally adjusted annual rate of $85.7 billion, 0.3 percent above

the revised October estimate of $85.4 billion.

In corporate dividend news, Physicians Realty Trust (NYSE:DOC) has authorized and the Company has declared a quarterly cash dividend of $0.225 per common share for the quarter ending December 31, 2014.

The Community Financial Corporation (NASDAQ:TCFC) has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend will be paid on or about January 20, 2015 to stockholders of record as of the close of business on January 5, 2015.

New York REIT (NYSE:NYRT) intends to continue payment of monthly distributions at an annualized rate of $0.46 per share or $0.115 per share on a quarterly basis. Distributions will be paid on a monthly basis to stockholders of record at the close of business on the 8th day of each month, payable on the 15th day of such month, in each case, unless such date is a non-business day.

Duke Energy declared a quarterly cash dividend on its common stock of $0.795 per share, payable on March 16, 2015, to shareholders of record at the close of business Feb. 13, 2015.

And, PNC Financial Services Group (PNC) declared a quarterly cash dividend on the common stock of 48 cents per share. The dividend is payable on Feb. 5, 2015 to shareholders of record at the close of business Jan. 15, 2015.

This is the 'Weekly Market Wrap' for Friday January 2, 2015.

Please join us on Monday for the Week Ahead Market Report.

For MarketNewsVideo.com, I'm Kristin Bianco.