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Mortgage Applications Tick Up From 28-Year Lows: Are Buyers Returning, Or Is It Seasonal?
Thursday, March 9, 2023 - 12:09pm | 318Mortgage applications increased by 7.4% from one week ago, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey released Wednesday. This news comes after several weeks of declining application rates, with applications hitting a 28-year low last week,...
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'The Third Wave': Stock Market Update For The Week Ahead
Sunday, December 6, 2020 - 7:15pm | 1183The Past Week, In A Nutshell What Happened: In light of hopes for a sustained economic rebound, U.S. broad market indices pushed to new all-time highs. Remember This: “[T]he third wave is now hitting the economy harder than we thought and that the damage is likely to keep adding up in coming...
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'Upside Surprise': Stock Market Update For The Week Ahead
Sunday, November 15, 2020 - 7:26pm | 1155The Past Week, In A Nutshell What Happened: Last week ended positively on news that a Pfizer Inc (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) COVID-19 vaccine was more than 90% effective in preventing the virus in participants without evidence of prior infection. Remember This: “We believe the...
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'Continued Economic Rebound': Stock Market Update For The Week Ahead
Sunday, October 18, 2020 - 2:38pm | 1695The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...
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'Better Than Expected': Stock Market Update For The Week Ahead
Sunday, October 11, 2020 - 6:35pm | 1496The Past Week, In A Nutshell What Happened: Last week ended positive alongside progress in stimulus talks. Remember This: “Very rarely in the last 10 years have we seen earnings estimates moving higher after a quarterly reporting season,” said Art Hogan, chief market strategist at...
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'Be Patient': Stock Market Update For The Week Ahead
Sunday, October 4, 2020 - 4:20pm | 1688The Past Week, In A Nutshell What Happened: Last week ended positive despite the uncertainty-driven news cycle. Remember This: “Market swings can be unsettling, and there’s a lot to think about with today’s headlines,” noted Lindsey Bell, chief investment strategist for Ally...
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'Too Early For Victory Laps': Stock Market Update For The Week Ahead
Sunday, September 20, 2020 - 3:47pm | 1684The Past Week, In A Nutshell What Happened: Last week ended negative on weakness concentrated in heavily-weighted index constituents. Remember This: “The Fed essentially acknowledged they were a bit behind the curve with their forecast on the economy, as projections needed tweaking to reflect...
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'Room For Disappointment': Stock Market Update For The Week Ahead
Monday, September 14, 2020 - 7:10am | 2287The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...
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Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Wednesday, August 13, 2014 - 4:43pm | 2982U.S. stocks rose for the third time in four days bringing the Dow back into positive territory for the year. Investors appeared to brush up poor retail sales from Macy's while focusing on business inventories that rose in June. On the international front, Ukraine said it would not allow...
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Market Wrap For April 16: Markets Hold On To Gains On Positive Yellen Comments And Economic Data
Wednesday, April 16, 2014 - 4:50pm | 2676U.S. stocks held on to strong gains as U.S. industrial production rose more than projected. The Fed confirmed it will maintain a "friendly" policy that will support the economic recovery. According to Fed Chief Janet Yellen there are three main concerns the central bank is facing. Specifically...
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Market Wrap For April 9: Investors Breathe Sigh Of Relief Over Rate Worries
Wednesday, April 9, 2014 - 4:35pm | 2359U.S. stocks rose sharply after minutes from the Federal Reserve eased concerns over when the central bank would raise interest rates. The decision to let go of the 6.5 percent unemployment rate threshold for raising interest rates was finalized in early March. Additionally, the Fed's minutes...
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Market Wrap For April 2: Markets On Four-Day Winning Streak
Wednesday, April 2, 2014 - 4:40pm | 2499U.S. stocks rose for the fourth-consecutive day as investors found plenty of positives in today's ADP National Employment Report released today. As a result, the S&P 500 hit new all time highs of 1,893.17 while the Dow remains just a few small points away from its all time highs. The next...
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Market Wrap For March 26: Markets Close Near Session Lows In Yet Another Volatile Trading Session
Wednesday, March 26, 2014 - 4:46pm | 2082U.S. stocks failed to rise in a choppy session which began the day in positive territory. Shares reversed and turned negative with technology stocks leading the way. The CBOE Volatility Index, also known as the "fear index" rose 3.9 percent to 14.57 despite economic data released today coming...
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Market Wrap For March 12: Nasdaq Ends Losing Streak, Dow Mildly Lower
Wednesday, March 12, 2014 - 4:51pm | 2142U.S. stocks were little changed as investors found no new positive (or negative) developments from Ukraine and no new economic reports from China. Stanley Fischer, the nominee for Federal Reserve vice chairman will deliver a prepared testimony ahead of his confirmation at the Senate Banking...
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Market Wrap For March 5: Markets Calm Following Tuesday's Massive Rally
Wednesday, March 5, 2014 - 5:40pm | 2368U.S. stocks were little changed on Wednesday as investors found no new catalysts to maintain a bull rally, especially ahead of Friday's employment report and no new major developments arising from the Ukraine/Russia stand-off. The Beige Book, released at 2:00 pm, confirmed what most already...