Blog
Import/Export Prices, Consumer Sentiment, Treasury Budget
The benchmark S&P 500 has gained 52% since early March and investors continue to be optimistic about buying equities. The last five days have seen consecutive gains in the markets, pushing the index up another 1.25%, and futures are looking to extend those gains early this morning.rnrnPretty soon the climb could match the even more robust 64% gain in China’s Shanghai Index. Its 2.2% rise earlier this morning, set off by better than expected data in industrial production, retail sales and lending, is a major factor in boosting sentiment around the globe today.
Fannie and Freddie: Mortgage Rates Fell Last Week
Both Fannie Mae and Freddie Mac reported that average interest rates edged down during the most recent weeks for which data is available. rnrnAccording to Freddie Mac’s Primary Mortgage Market Survey for the week ended September 10, the 30-year fixed-rate mortgage (FRM) averaged 5.07 percent with .07 point compared to 5.08 percent also with .07 point the week before.rnrn
Mid-Day Recap: Equities Make Fresh 2009 Highs
In late August, Wall Street was worried that the March to August run-up in equity prices had become overheated, but since September 2 the Dow has added 2.81%, the benchmark S&P 500 has edged up 3.81%, and the Nasdaq has climbed 4.76%.rnrnThose advances continued for a fifth day this morning as investors took an expanding trade deficit to suggest consumers were opening their wallets at home and abroad in July. At 12:45, the S&P 500 and Dow were both up 0.33% while the Nasdaq pushed up 0.46%. That puts all three indexes at fresh highs for 2009.
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...