Dow Falls in MIxed Market

Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Stocks failed to set a five year high today as the S & P 500 and the Dow had slight losses while the NASDAQ advanced slightly.  Durable goods orders had a surprisingly good month in December having advanced 4.6 % rather than the 1.6% increase that was expected.  Durable goods are large ticket items that suggest increased construction and manufacturing in coming months.  Pending home sales dropped 4% versus the expected flat performance.  After skittering along close to even all day, the Dow closed down 14 points.

Comments (1)

Dave Sullivan
Real Estate One - Birmingham, MI
Michigan Realtor with an investor viewpoint

Jeff do you think this was the top I expect the market to start to fall when the econ. gets the full hit of taxes and spending cuts and the fed will keep interest rates low for years ...  

Feb 03, 2013 10:34 PM