mortgage loans ny: Mortgage Daily Report - Wednesday - November 27
- 11/27/13 07:53 PM
A litany of economic data hit the wires this morning ahead of the Thanksgiving holiday. The first report of significance was the Labor Department's Weekly Initial Claims data. Americans filing for first time Unemployment benefits fell by 10,000 in the latest week to 326,000 to the lowest level since the week ended September 28. The numbers could somewhat be distorted given temporary hiring's for the holiday season. The Consumer Sentiment Index in late November rose more than expected to 75.1, above the final reading in October of 73.2. The rise was due in part to wealthier Americans' outlook on the … (1 comments)
The closely watched S&P 500 Stock Index hit yet another milestone yesterday, closing at a record high of 1,790 and has risen a whopping 25% this year. The gains come on the heels of an improving economy, solid corporate earnings and the Federal Reserve's ongoing stimulus program. The S&P 500 is widely regarded as the best single gauge of large cap U.S. equities. The index includes 500 leading companies and is considered a bellwether for the U.S. economy.
In economic news, the New York State Empire Manufacturing Index disappointed investors this morning when the data was released. The … (1 comments)
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