| 481. | Fed Holds Interest Rates Steady
The Federal Open Market Committee (FOMC) set the stage for a series of short-term interest rate hikes but kept the federal funds rate at 1 percent for now. In its statement the Fed said, "an accommodative stance of monetary policy, coupled with robusStocks remained near break even most of the day. The Nasdaq ended up benefiting the most, and closed near its highest levels of the session-- excluding the spike. Most of the tech bellwethers closed up, with JDS Uniphase adding 2 percent and Qualcomm..
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| Article XML Feed | | - Tuesday, May 04, 2004 |
| | 482. | Fed Leaves Short-term Interest Rates Unchanged
The Federal Open Market Committee left short-term interest rates at 1 percent, but it did change its language. The Fed removed the word "patient" from its statement. The Fed also downplayed inflation as a threat, saying that it remains under control.The Committee concluded that it "perceives the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. Similarly, the risks to the goal of price stability have moved into balance. At this junctur..
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| Article XML Feed | | - Tuesday, May 04, 2004 |
| | 483. | Mortgage Rates Remain Near Recent Levels
Economic news from the Institute of Supply Management Index of Manufacturing Activity indicated that manufacturing activity declined slightly in April. The index came in at 62.4. This was slightly down from March’s reading of 62.5 and below the 62.The equity markets today have been trading to the upside—led by technology stocks. Stock gainers included Cisco Systems, JDS Uniphase, Microsoft, Adobe Systems, and Boeing. In international trading, Asian markets closed mixed Monday, while European..
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| Article XML Feed | | - Monday, May 03, 2004 |
| | 484. | Mortgage Rates Keep Edging Up
It`s been a tough month for the financial markets. On April 2 U.S. Treasury securities plunged on the March employment report that showed a stunning addition of 308,000 jobs to non-farm payrolls. It`s been downhill since then. Both stocks and bonds cPersonal income and outlays each rose by 0.4 percent, raising concerns about consumer spending. The Chicago Purchasing Managers index on April manufacturing conditions beat estimates, rising to 63.9. While this shows expansion in the badly depressed ..
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| Article XML Feed | | - Friday, April 30, 2004 |
| | 485. | Mortgage Rates Move Slightly Up
The equity markets today traded up and down and then plunged into negative territory. Investors saw the Gross Domestic Product report as indicating that inflation is higher and that there is less economic growth than was recently thought. Investors Eonomic news from the Commerce Department showed that the gross domestic product--the broad measure of all activity by U.S.-based businesses--had a 4.2 percent growth rate in the first quarter initial reading, following a 4.1 percent growth rate in t..
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| Article XML Feed | | - Thursday, April 29, 2004 |
| | 486. | Mortgage Rates Remain Near Recent Levels
The equity markets today were trading in negative territory. On the corporate front, 27 of the 30 ,stocks in the Dow Jones Industrial Average were trading down. Only Comcast, Boeing, and McDonald’s were trading up. In international trade, Asian anThe 30-year Treasury Bond was down 1 & 5/32 in price, with the yield up at 5.28 percent. , ..
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| Article XML Feed | | - Wednesday, April 28, 2004 |
| | 487. | Mortgage Rates Hold the Line
Safe-haven buying in U.S. Treasury securities was too little, too late. Reported explosions and gunfire in the embassy area of Damascus, Syria and escalating hostilities in Iraq drew money into government issues sending prices up and yields, which moStocks got off to a flying start on the strength of a stellar report on existing home sales (EHS) and a big leap in consumer confidence. EHS soared 5.7 percent to an annual rate of 6.48 million units in March--the second highest level on record. Alth..
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| Article XML Feed | | - Tuesday, April 27, 2004 |
| | 488. | Mortgage Rates Hold at New Highs
U.S. Treasury securities attracted moderate safe-haven buying as hostilities escalated in Iraq. The buying, however, was not sufficient enough to offset the damage caused by the huge jump in March durable goods orders reported on Friday. That report Wall Street backed down after hearing the NHS numbers. Stocks opened to the upside, but plunged into negative territory and remained there for a good part of the session. The markets have been pressured by positive economic news that raises concern a..
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| Article XML Feed | | - Monday, April 26, 2004 |
| | 489. | Mortgage Rates Move Up Again
A much stronger-than-expected report on durable good orders for March spurred a sell-off in U.S. Treasury securities. Prices of Treasuries plunged, giving back all the gains garnered over the last two days and then some. Durable goods orders, those bThe durable goods report kept a lid on Wall Street gains, as investors there also are concerned about the effect of an interest rate hike on stocks and corporate profits. They see economic momentum building and want nothing to interfere with recovery..
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| Article XML Feed | | - Friday, April 23, 2004 |
| | 490. | Mortgage Rates Hover Close to Recent Higher Levels
The equity markets today have been trading substantially in positive territory. Investors were relatively pleased with the mixed economic news and with the generally positive earnings reports. Among stocks trading up because of good earnings were eSignificant economic news today indicated that the Producer Price Index (PPI) in March rose 0.5 percent, and the core rate, which excludes volatile food and energy prices, rose 0.2 percent. The number of Americans filing new claims for unemployment b..
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| Article XML Feed | | - Thursday, April 22, 2004 |
| | 491. | Mortgage Rates Remain Near Recent Higher Levels
The equity markets today have been trading in both positive and negative territory. The markets were attempting a recovery from yesterday’s sell-off. In his testimony and answers before the Congress Joint Economic Committee, Federal Reserve ChairmaThere was no new significant economic news early today to help give investors a sense of direction. Investors thus were looking at the comments of Federal Reserve Chairman Alan Greenspan as he gave testimony and answered questions before the Joint E..
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| Article XML Feed | | - Wednesday, April 21, 2004 |
| | 492. | Treasury Yields Hit Eight-Month Highs
The financial markets idled in neutral all morning waiting for Fed Chairman Alan Greenspan to speak to the Senate Banking Committee. When he did they got an earful and both stocks and bonds plunged as the inevitability of a rate hike drew closer. GreA couple of key earning reports moved the markets early. GM was the Dow`s biggest gainer, adding 3.5 percent after beating earnings estimates and boosting its earnings outlook for the year. Altria also beat estimates, but did not excite investors lik..
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| Article XML Feed | | - Tuesday, April 20, 2004 |
| | 493. | Mortgage Rates Remain Close to Recent Higher Levels
The equity markets have been trading mixed most of today—some of them down and some of them up. Microsoft has been up around 1 percent, as has Oracle. Eli Lilly has been up over 1 percent. The stock of some companies that deal in defense have been At 4:00 PM EDT: , ..
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| Article XML Feed | | - Monday, April 19, 2004 |
| | 494. | Mortgage Rates Hold Close to Recent Higher Levels.
The equity markets today have been trading mixed. The Dow and the S&P 500 have been up, while the NASDAQ has been mostly down because of weakness in technologies. Sun Microsystems was trading down after posting a large quarterly loss late Thursday.Economic news from the U.S. Commerce Department showed that housing starts rose 6.4 percent from 1.86 million rate in February to a seasonally adjusted annual rate of 2.01 million in March. Building permits in March were at a seasonally adjusted annu..
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| Article XML Feed | | - Friday, April 16, 2004 |
| | 495. | The Equity Markets Trade Mixed
The equity markets today have been trading both in negative and positive territory, but mostly in negative territory. Investors are torn between good economic and earnings reports on one side and worries about potential inflation and rising interestSignificant economic news from the U.S. Labor Department showed that the number of Americans filing initial claims for unemployment insurance was up 30,000 from a revised 330,000 the prior week to 360,000 in the week ended April 10th. The Empire Stat..
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| Article XML Feed | | - Thursday, April 15, 2004 |
| | 496. | Mortgage Rates Continue to Climb
Mortgage rates continued to climb today as lenders felt the full effects of yesterday`s sell-off of U.S. Treasury securities. And a stronger-than-expected consumer price index (CPI) report today heralded another bad day for Treasuries. The sharp 0.5 The strong rise in the CPI was led by increases in energy, transportation and apparel. The closely watched core rate, which eliminates volatile energy and food prices, jumped 0.4 percent--above expectations and the biggest gain since November 2001. I..
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| Article XML Feed | | - Wednesday, April 14, 2004 |
| | 497. | Mortgage Rates Leap
A stronger-than-expected report on March retail sales ignited a huge sell-off in the financial markets. Both stocks and bonds succumbed to fear of a rate hike by the Fed to keep economic recovery on track and inflation under control. U.S. Treasury trRetail sales rose a stunning 1.8 percent last month--far more than analysts had forecast. In addition, February sales were revised upward. Business inventories and sales in February also increased--0.7 percent and 0.5 percent, respectively. Johnson &..
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| Article XML Feed | | - Tuesday, April 13, 2004 |
| | 498. | Mortgage Rates Continue Close to Recent Levels
The equity markets have been trading mostly in positive territory. Earnings of companies involved with security and defense were generally up. Market movers included Arotech, Digital Record, Mace Security Internnational, IPIX, ICTS, Intel, CaterpillaWith no significant eonomic news today, investors have been relying heavily on corporate news to help them gain an investing outlook. The major focus today has been first-quarter earnings. The earnings of a vast majority of companies were up—some o..
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| Article XML Feed | | - Monday, April 12, 2004 |
| | 499. | Mortgage Rates Remain Near Recent Levels
The equity markets today began trading in positive territory. The very good weekly jobless claims report gave the markets an initial boost. Among market movers, Yahoo! Dell, General Electric, Pfizer, American International Group, and Eastman Kodak
The 15-year Conventional Fixed Rate Mortgage was at 4.906 from 4.895., ..
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| Article XML Feed | | - Thursday, April 08, 2004 |
| | 500. | Mortgage Rates Begin to Edge Back Down
U.S. Treasury securities had a bumpy day, trading up in the morning and giving it back in the afternoon. Escalating hostilities in Iraq attracted early safe haven buying, sending prices up and yields, which move in the opposite of price, down. BuyingThe Nasdaq also closed in the red, with most of the tech bellwethers trading in negative territory. Intel was the big loser, followed by Cisco Systems, which also shed 2 percent. The four companies that closed positive were led by Ericsson with a 2 ..
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| Article XML Feed | | - Wednesday, April 07, 2004 |
| | 501. | Mortgage Rates Hold Steady
For the first time in four sessions mortgage rates held their ground, remaining at newly elevated levels. A sell-off on Wall Street and a turnaround in the U.S. Treasury markets sent bond prices up and their yields, which move in the opposite of pricEconomic news was non-existent, but Finnish mobile phone maker Nokia sent stocks down when it warned that revenues would come in at the lower end of estimates. The stock tumbled 18 percent and took others with it. Rivals Motorola and Ericsson fell as..
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| Article XML Feed | | - Tuesday, April 06, 2004 |
| | 502. | Mortgage Rates Move Up Some More
The equity markets today have been trading rather mixed, with more stocks down rather than up. Investors today have been showing some reluctance after Friday’s rally. They are concerned about continuing tensions in the Middle East and mounting casuEconomic news today from the Institute of Supply Management Index of non-Manufacturing Conditions showed that services were stronger than had been expected. The ISM index for March came in at 65.8, after being 60.8 in February. This was a much bett..
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| Article XML Feed | | - Monday, April 05, 2004 |
| | 503. | Mortgage Rates Moving Up
A stronger-than-expected March employment report ignited a huge sell-off in U.S. Treasury securities. Prices plunged while yields, which move in the opposite direction, soared. Traders dumped bonds on news that 308,000 jobs were added to non-farm payWall Street embraced the employment data, and although stocks closed off their highs of the day they managed significant gains. The Dow Jones added almost 1 percent and the Nasdaq was up more than 2 percent. Although gains were broad-based, there wer..
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| Article XML Feed | | - Friday, April 02, 2004 |
| | 504. | Mortgage Rates Remain Near Recent Levels
The equity markets today have been trading in both negative and positive territory. The Dow Jones Industrial Average was slightly reshuffled—with 3 stocks being moved out of the index and 3 new ones being moved into the index effective April 8. AT&Economic news from the Labor Department showed that the number of people filing new claims for unemployment benefits dropped 3,000 from a revised 345,000 the previous week to 342,000 in the week ended March 27th. The Institute for Supply Management (..
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| Article XML Feed | | - Thursday, April 01, 2004 |
| | 505. | Mortgage Rates Hold the Line
The equity markets today have been trading in negative territory and in positive territory. Volume continues rather low, since there is presently not much enthusiasm. The markets are experiencing a lot of volatility. In corporate news, electronic Economic news from the Commerce Department today said that orders received by U.S. factories were up 0.3 percent in February, following a 0.9 percent decline in January. This was below economists expectations of a 1.5 percent increase in February. ..
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| Article XML Feed | | - Wednesday, March 31, 2004 |
| | 506. | Mortgage Rates Edge Slightly Up
The equity markets have been trading in both negative and positive territory today. Toward the end of the trading day, the markets managed to slip into positive territory. On the corporate scene, a couple of biotech companies were among the most acEconomic news released today by the International Council of Shopping Centers and UBS (ICSC-UBS) showed that sales at the major U.S. chain stores decreased 1.9 percent in the week ended March 27th, following a 0.2 percent increase in the previous wee..
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| Article XML Feed | | - Tuesday, March 30, 2004 |
| | 507. | Mortgage Rates Continue to Climb
U.S. Treasury securities sold off again amid upbeat corporate reports, concern that Japan will slow or cease its buying of Treasuries, fear of inflationary pressures and questions about the March employment report, set for release on Friday. TreasuryStocks resumed their Thursday rally after backing off on Friday. A series of upgrades, positive corporate reports, falling oil prices, a round of mergers and acquisitions, and bargain-priced shares sent stocks up at the opening bell. Shares climbed q..
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| Article XML Feed | | - Monday, March 29, 2004 |
| | 508. | Some Mortgage Rates Trend Up
U.S. Treasury securities weathered a huge sell-off today, as encouraging economic news from Japan and continuing worries about inflationary pressures sent Treasury prices tumbling. Treasury yields, which move the in opposite direction of price, rose Stocks today took a breather after yesterday`s substantial gains, closing down on the day. The Dow Jones and the Nasdaq, however, eked out gains for the week. Economic news this morning provided little guidance. Personal income in February was on tar..
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| Article XML Feed | | - Monday, March 29, 2004 |
| | 509. | Mortgage Rates Remain Considerably Low
The equity markets began mixed, and then soon they moved into positive territory. Today’s economic news was fairly positive. A number of stocks moved up in today’s trading, especially the technology stocks. Airlines and financials were also strongeEconomic news today from the U.S. Commerce Department showed that the Gross Domestic Product (GDP), which measures the output of goods and services produced in the United States, increased at a 4.1 percent annual rate in the fourth quarter. This was..
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| Article XML Feed | | - Thursday, March 25, 2004 |
| | 510. | Mortgage Rates Continue Relatively Low
The equity markets today once again had a difficult time gaining a focus. The markets were in both negative and positive territory. Investors continued to be concerned about global security and the strength of the U.S. economic recovery. In corporaEconomic news today from the U.S. Commerce Department indicated that durable goods—those expected to last three or more years—were up 2.5 percent in February, following a revised 2.7 percent decline in January. Demand for aircraft was credited with ..
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| Article XML Feed | | - Wednesday, March 24, 2004 |
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