| 511. | Mortgage Rates Hold the Line
It was a bumpy day for the financial markets. A graph of equity activity resembled the back of a two-hump camel, with a morning rally followed by a noon dip, an afternoon rally and a negative close. U.S. Treasury securities on the other hand opened tThere was no economic news to sway investors, leaving them once again to look for guidance. There were, however, a few corporate reports to spur buying. Wall Street brokerage firm Goldman & Sachs topped estimates, but after spiking more than 1 percen..
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| Article XML Feed | | - Tuesday, March 23, 2004 |
| | 512. | Mortgage Rates Remain Steady
A flurry of safe haven buying in U.S. Treasury securities allowed government issues to recover losses sustained late last week. A barrage of negative reports emanating from all over the globe sparked aggressive buying that sent Treasury prices up andThe Eastern and European markets set the pace, sustaining big losses, and Wall Street followed the trend. All three of the major averages fell more than 1 percent, with Nasdaq hit the hardest--suffering a 1.57 percent loss. So far this year the Nasd..
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| Article XML Feed | | - Monday, March 22, 2004 |
| | 513. | Mortgage Rates Hang Tough
With no economic and little corporate news to move the markets today the focus turned to Pakistan and the battle that has been waging there for more than a day. Yesterday the Pakistani president announced that troops had surrounded al Qaeda fighters Today was a quadruple witching day, which usually causes volatility. There was little of that today, however. Equities held near unchanged for the better part of the morning, turning down about noon and closing at their lowest levels of the day. All ..
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| Article XML Feed | | - Friday, March 19, 2004 |
| | 514. | Mortgage Rates Edge Slightly Up
The equity markets have been trading today both up and down. The corporate news today was rather negative. United Technologies, Microsoft, and Morgan Stanley have all been trading down. In foreign markets, Asian stocks closed up Thursday, while EuSignificant economic news today from the Labor Department showed that jobless claims fell 6,000. The number of people filing new claims for unemployment benefits dropped from a revised 342,000 the previous week to 336,000 in the week ended March 13t..
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| Article XML Feed | | - Thursday, March 18, 2004 |
| | 515. | Mortgage Rates Get a Break
Positive words from the Federal Open Market Committee regarding keeping short-term interest rates "accommodative" turned the U.S. Treasury market around today. Treasury prices crept down most of the morning due to a report that the Bank of Japan mighThe Fed stated today that its "accommodative stance of monetary policy, coupled with robust underlying growth in productivity, is providing important ongoing support to economic activity." The Fed added that although economic activity is expanding, n..
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| Article XML Feed | | - Tuesday, March 16, 2004 |
| | 516. | Fed Stands Pat on Rates
The Federal Open Market Committee (FOMC), the poliicy-making arm of the Federal Reserve Board, left the fed funds rate at 1 percent and pledged to remain "patient" with regard to a hike in interest rates. In addition, the Fed noted that while the jobMore details will follow., ..
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| Article XML Feed | | - Tuesday, March 16, 2004 |
| | 517. | Mortgage Rates Continue Near Recent Levels
The equity markets have been trading today in negative territory. Investors continue to be nervous about continued terrorism, especially the recent bombings in Spain. They are also concerned about the Socialist Party victory in Sunday’s elections iSignificant economic news showed that industrial production in the U.S. increased 0.7 percent in February, following a 0.8 percent increase in January according to the Federal Reserve report today. The report further said that capacity utilization a..
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| Article XML Feed | | - Monday, March 15, 2004 |
| | 518. | Mortgage Rates Hold Very Steady
The equity markets have been trading mostly today to the upside, following four days of trading in negative territory, which many analysts are considering a correction. They are also cautioning that the markets may still need to consolidate more. DSignificant economic news today from the U.S. Commerce Department showed that inventories were up 0.1 percent in January, following a 0.3 percent increase in December. Business sales were up 0.4 percent after a revised 1.4 percent increase in Decembe..
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| Article XML Feed | | - Friday, March 12, 2004 |
| | 519. | Mortgage Rates Remain Low But Change Little
The equity markets have been trading most of today mixed, but ended the trading day in negative territory. A number of investors have continued the profit taking that began three sessions ago. On the corporate scene, National Semiconductor was tradSignificant economic news today from the Commerce Department showed that retail sales in February were up 0.6 percent, following a revised 0.2 percent in January. Excluding volatile automobile sales, retail sales remained unchanged in February after..
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| Article XML Feed | | - Thursday, March 11, 2004 |
| | 520. | Mortgage Rates Hold at (really) Low Levels
Stocks tanked today, with all the major indices losing close to 1.5 percent, and the Dow Jones moving into negative territory for the year. The Nasdaq did that yesterday leaving the S&P 500 the only one of the "big three" indices with a gain on the yAn upbeat report from Procter & Gamble tried to establish a positive tone, but that was not to be. P&G raised current-quarter and full-year profit forecasts, increased its dividend and announced an upcoming two-for-one split. The personal products ma..
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| Article XML Feed | | - Thursday, March 11, 2004 |
| | 521. | Mortgage Rates Approach 40-Year Lows
Another big rally in U.S. Treasury securities--the third in a row--had Treasury prices climbing and their yields, which move in the opposite direction of price, dropping like rocks. Treasury traders appear to be buoyed by the prospect of a delayed raWall Street was under pressure right from the start, with technology stocks leading the downward trend. Analysts believe that investors are taking profits out of the sector that has been over-extended. The Nasdaq gained 50 percent in 2003 and has bee..
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| Article XML Feed | | - Tuesday, March 09, 2004 |
| | 522. | Mortgage Rates Back Down on Employment News
A much weaker-than-expected employment report for February sparked a huge rally in U.S. Treasury securities. The meager addition of 21,000 jobs to non-farm payrolls put the Fed out of the game with regard to a Fed rate hike, and rampant buying of TreThe financial markets were all about jobs today. Not only did new jobs come in way below the estimate of 125,000, but new jobs in December and January were revised downward by a total of 25,000. Stocks reacted with mixed results--down on the bad news..
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| Article XML Feed | | - Friday, March 05, 2004 |
| | 523. | Mortgage Rates Change Very Little from Recent Levels
The equity markets today have been trading somewhat mixed. The NASDAQ Composite Index and the S&P 500 have managed to get into positive territory, but the Dow Jones Industrial Average has struggled mostly with negative territory. In corporate news,The significant economic news today from the U.S. Labor Department showed that the number of people filing new claims for unemployment benefits dropped 7,000 from 352,000 in the previous week to 345,000 in the week ended February 28th. This number w..
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| Article XML Feed | | - Thursday, March 04, 2004 |
| | 524. | Mortgage Rates Not Rattled
U.S. Treasury securities succumbed to aggressive selling today, with pressure coming from all sides. The strong rise in the dollar was perhaps the chief reason for the Treasury sell off. Investors believe that a stronger dollar will curb appeal of UStocks ended up giving back most of yesterday's gains. The Dow Jones opened negative and stayed there, while the Nasdaq and S&P 500 traded in positive territory for a couple of hours before heading down. All the tech bellwethers closed in negativ..
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| Article XML Feed | | - Wednesday, March 03, 2004 |
| | 525. | Mortgage Rates Remain Very Close to Recent Levels
The equity markets today traded mostly in positive territory. Although today’s economic news was somwhat mixed, investors viewed it as mostly bullish. In corporate news, Sepracor traded up more than 40 percent. Sprint FON was trading up after sayiSignificant economic news today from the U.S. Commerce Department said that spending by consumers, which makes up around 70 percent of the nation’s economic activity, was up 0.4 percent in January, following a revised 0.5 percent increase in December..
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| Article XML Feed | | - Monday, March 01, 2004 |
| | 526. | Mortgage Rates Remain Near Recent Levels
The equity markets today have been in and out of negative and positive territory. Although the Dow Jones Industrial Average was trading slightly up, the overall market continued to struggle for direction. In corporate news, Sun Microsystems, GenentSignificant economic news today from the Commerce Department said that gross domestic product (GDP), which is the broadest measure of the economy, increased at a revised 4.1 percent annual rate in the fourth quarter, compared with the initial estimat..
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| Article XML Feed | | - Friday, February 27, 2004 |
| | 527. | Mortgage Rates Don't Budge
U.S. Treasury securities posted small gains today, which allowed yields that move in the opposite direction of price, to edge down by just a hair. Low yields allowed mortgage lenders who use yields to set rates to hold them at low levels--where theyExisting home sales (EHS) in January fell by a bigger-than-expected 5.2 percent to an annual rate of 6.04 million units. The National Association of REALTORS®, which released the data, noted that although sales were down, the January level is the six..
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| Article XML Feed | | - Wednesday, February 25, 2004 |
| | 528. | The Equity Markets Making a Rebound
Significant economic news from the National Association of Realtors today said that existing home sales in January were down 5.2 percent to a seasonally adjusted annual rate of 6.04 million units. This followed a revised 6.37 million rate in DecembeThe equity markets have been trading to the upside today. The markets are attempting a bounce back from five days of declines. In corporate news, Ingram Micro rallied in early trading after the company reported a profit late Tuesday that was higher..
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| Article XML Feed | | - Wednesday, February 25, 2004 |
| | 529. | Mortgage Rates Remain Low
A big drop in consumer confidence paired with a decline in the dollar spurred buying in U.S. Treasury securities today. Traders interpreted the big slide in confidence--predicated on worries about the labor market--as a sign that any rate hike by theStocks had a much tougher day. The major indices dove into negative territory in unison when the confidence numbers were released and bounced in and out of positive territory for the rest of the session. At the closing bell they were all in negative ..
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| Article XML Feed | | - Tuesday, February 24, 2004 |
| | 530. | Mortgage Rates Get a Break
After edging up over the weekend, mortgage rates got the break they needed today, and it allowed them to remain at seven-month lows. On Friday U.S. Treasury securities sold off aggressively, sending prices down and yields, which move in the opposite Intel fell 3.3 percent on news that the IRS will look into its 2001-02 tax returns. This weighed heavily on technology. Other big losers included Yahoo!, with a 3.44 percent drop, Sun Microsystems, with a loss of 2.96 percent, and Oracle with a 2.7 p..
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| Article XML Feed | | - Monday, February 23, 2004 |
| | 531. | Mortgage Rates Withstand Sell-Off
U.S. Treasury securities were under attack all day. Treasuries, which have been enjoying steady buying since last week, got hit from all sides. The consumer price index (CPI), which checks for inflation at the retail level, found a few hints of it toStocks also fell on the CPI, which rose by a stronger-than-expected 0.5 percent. Not surprisingly, a steep rise in energy prices fueled the CPI leap. Transportation costs shot up 1.7 percent due to an 8.1 percent climb in gasoline prices. The CPI cor..
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| Article XML Feed | | - Friday, February 20, 2004 |
| | 532. | Mortgage Rates Remain Close to Recent Levels
The equity markets today have been trading in both negative and positive territory. Toward the end of the trading day, the markets turned down. In today’s trading, AT&T Wireless, SBC Communications, Bell South, and Dobson all traded down. On the oEconomic news today from the U.S. Commerce Department said that housing starts in January fell 7.9 percent to a seasonally adjusted annual rate of 1.9 million units, following a revised increase of 0.6 percent to 2.07 million units in December. Mean..
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| Article XML Feed | | - Wednesday, February 18, 2004 |
| | 533. | Mortgage Rates Remain Low
Stocks headed up today, reversing last week's negative trend. U.S. Treasury securities also managed to post small gains in spite of upbeat news from the manufacturing sector. After big rallies last week based on encouraging words from Fed ChairmaStocks were bolstered by news of mergers as well as positive reports from the manufacturing sector. Industrial production in January rose by a stronger-than-expected 0.8 percent, while capacity utilization (the number of mines, utilities and factorie..
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| Article XML Feed | | - Tuesday, February 17, 2004 |
| | 534. | The Equity Markets Have a Down Day
The equity markets have been trading mostly down today. Investors engaged in some profit taking after yesterday’s gains. In corporate news, many are still attempting to analyze Comcast’s uninvited bid for Walt Disney for $66 billion, including thSignificant economic news today from the U.S. Labor Department said that the number of people filing new claims for unemployment benefits increased 6,000 from a revised 357,000 the previous week to 363,000 in the week ended February 7th. The four-wee..
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| Article XML Feed | | - Thursday, February 12, 2004 |
| | 535. | Mortgage Rates Remain Steady
U.S. Treasury securities suffered through a bout of selling today after three sessions of pretty good gains. Traders sold on uncertainty about the testimony that Fed Chairman Alan Greenspan will offer to Congress in tomorrow's biannual address. TVolume was low on Wall Street, as investors there also waited for tomorrow's testimony on Capitol Hill prior to placing positions. In addition, there was little in the way of economic or corporate news to provide direction. Viacom grabbed most of..
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| Article XML Feed | | - Tuesday, February 10, 2004 |
| | 536. | Mortgage Rates Hold at Low Levels
U.S. Treasury securities had another good day, with prices climbing and their yields, which move in the opposite direction, edging down. Buying in Treasuries was steady to active most of the session as traders hope that foreign central banks will steThere was little activity on Wall Street today, with no major economic releases and little in the way of corporate news to influence the markets. The only economic report showed wholesale inventories up 0.6 percent, which was twice as strong as forec..
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| Article XML Feed | | - Monday, February 09, 2004 |
| | 537. | Mortgage Rates Remain Low
The highly anticipated January employment report benefited both stocks and bonds, although it came in below expectations. The unemployment rate fell to 5.6 percent, but the more important number--new jobs added to non-farm payrolls--fell far short ofWall Street reacted similarly to Treasuries--selling off at first and then moving up--a lot. Investors took comfort in the increase in payrolls, but they too want interest rates to remain low, as that encourages business spending--a crucial element f..
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| Article XML Feed | | - Friday, February 06, 2004 |
| | 538. | Mortgage Rates Remain Near Recent Levels
The equity markets have been trading in both positive and negative territory today. Wal-Mart Stores, Boeing, Honeywell, Caterpillar, Assurant, and Time Warner were all trading up. On the other hand, Level 3 Communications was trading down. Asian Economic news today from the U.S. Labor Department showed that the number of people filing claims for unemployment benefits in the week ended January 31st was up 17,000 from a revised 339,000 to 356,000. This was higher than the 340,000 new claims ..
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| Article XML Feed | | - Thursday, February 05, 2004 |
| | 539. | Mortgage Rates Remain Close to Recent Levels
The equity markets have been trading in both positive and negative territory, but mostly in negative territory. Cisco Systems was down despite a quarterly report that beat estimates, because the company’s forward-looking guidance was not as aggressiEconomic news today from the U.S. Commerce Department said that Factory Orders in December rose 1.1 percent, following a revised decline of 0.9 percent in November. The increase of 1.1 percent in December was much stronger than the 0.2 percent gain ..
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| Article XML Feed | | - Wednesday, February 04, 2004 |
| | 540. | Mortgage Rates Hold at Low Levels
The discovery of ricin, an extremely lethal substance, was discovered in Senate Majority Leader Bill Frist's mailroom. The incident is under intense investigation, and it caused a flurry of safe-haven buying early today. Fears of terrorism drove Trading on Wall Street was choppy, but when the closing bell rang each of the major indices had eked out a small gain. There was little in the way of news to drive the markets--neither economic nor corporate. The two retail surveys that were released..
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| Article XML Feed | | - Tuesday, February 03, 2004 |
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