Daily Data Flow
Daily Data Flow: Stocks Fall Amid Fed Bank President’s Skeptical View of Bond Buying Plan; Groupon’s Skid Hurts Nasdaq; Home Prices Rise
U.S. Stocks Decline Amid Plosser Comments on Fed Stimulus (Bloomberg) U.S. stocks declined today, erasing earlier gains in benchmark indexes, after Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank’s new bond-buying program probably won’t boost growth. Conditions won’t get better as fast as people think, said Malcolm Polley, who manages $1.1 billion as […]
Daily Data Flow: European Crisis Causes S&P 500 to Slip; Apple’s iPhone 5 Misses First Week Sales Goal of 5 Million Units; Munis Outperform U.S. Treasury Bonds; ATM Fees Hit Record High
S&P 500 Has Longest Slump in Seven Weeks on European Crisis (Bloomberg) The Standard & Poor’s 500 Index fell for a third straight day, its longest decline in seven weeks, as European leaders clashed on ways to stem the debt crisis and data from China and Germany signaled the slowdown is deepening. Global stocks slumped after […]
Daily Data Flow: Mortgage Rates Tumble to Record Low; Stocks Drop as Economic Data Disappoints; Investors Unwind Risk-on Plays
Mortgage Rates for 30-Year Loans Tumble, Matching Record (Bloomberg) The average rate for a 30-year fixed mortgage fell to 3.49% in the week ended today, dropping from 3.55%, McLean, Va.-based Freddie Mac announced. It matched a record reached in July. The average 15-year rate slid to 2.77% from 2.85% to mark a new low. Reduced […]
Daily Data Flow: U.S. Stocks Rise after Japan’s Stimulus and Positive U.S. Home Data; Numerous IPOs Roll Out This Week; IRS Entices Whistle Blowers
U.S. Stocks Rise Amid Japan Stimulus, American Home Data (Bloomberg) U.S. stocks rose, snapping a two-day decline in the Standard & Poor’s 500 Index, as the Bank of Japan increased its asset-purchase target and sales of existing American homes rose more than forecast. Markets are relying on the support of central banks to stay alive, […]
Daily Data Flow: U.S. Stocks Fall on European Worries; Oil Prices Pull Back Due to Economic Woes; China Bets Big on U.S. Securities
U.S. Stocks Fall as Investors Watch Efforts on Europe (Bloomberg) U.S. stocks fell after the Standard & Poor’s 500 Index climbed to the highest level since 2007 last week and as concern grew that European leaders will struggle to resolve the region’s debt crisis. “We’re looking for the market to flatten out and hold where […]
Daily Data Flow: Stocks Rise Further After Fed’s Monetary Move; Latest Fed Action May Exceed Previous Ones; Apple Wins Favorable Patent Ruling
U.S. stocks rose again today, with the Standard & Poor’s 500 Index climbing to its highest level since 2007, as the world’s markets rallied due to the Federal Reserve’s bond-purchase program.