June 11, 2020
“The Dow Jones Industrial Average and S&P 500 fell for a second straight day on Wednesday as traders once again took profits out of names benefiting from the economy reopening and rotated into mega-cap tech stocks. The S&P 500 closed 0.5% lower at… Continue Reading…
June 9, 2020
“The Dow Jones Industrial Average DJIA, -0.70% climbed 461.46 points, or 1.7%, to end at 27,572.44, its sixth straight gain. The S&P 500 SPX, -0.66% rose 38.46 points, or 1.2%, finishing at 3,232.39. The tech-heavy Nasdaq Composite Index COMP, +0.18% gained 110.66 points, or 1.1%, ending at 9,924.74, a… Continue Reading…
May 29, 2020
“Mortgage rates fell to an all-time low this week, a boon for home buyers and owners alike who can lock in the rate. The rate for the 30-year fixed mortgage dropped to 3.15%, according to Freddie Mac, an agency that… Continue Reading…
April 21, 2020
“A futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history on Monday, showing just how much demand has collapsed due to the coronavirus pandemic… West Texas Intermediate crude for May delivery fell more… Continue Reading…
March 26, 2020
“Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus… Layoffs are sure to accelerate as the U.S. economy sinks into a… Continue Reading…
March 12, 2020
“During the October-February period, the government spent a record $1,991,272,000,000 while it collected a record $1,366,750,000,000 in taxes… Thus, while running up records in taxing and spending for the first five months of the fiscal year, the federal government also… Continue Reading…
March 9, 2020
“According to Freddie Mac, mortgage rates hit a record 3.29% in the week, the lowest level in its nearly 50-year history. While rates were on the slide, mortgage applications jumped by 10% in the last week from 1-year ago, with… Continue Reading…
March 4, 2020
“The 10-year Treasury yield broke below 1% for the first time ever in the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the spreading coronavirus. The yield on the benchmark 10-year Treasury… Continue Reading…
February 25, 2020
“The 10-year Treasury yield hit its lowest level since July 2016. The 30-year Treasury yield hit a record low. The move into bonds came as stocks plunged with the Dow down more than 1,000 points. The yield on the benchmark 10-year… Continue Reading…
February 21, 2020
“The 10-year Treasury note yield TMUBMUSD10Y, -3.79% was down 3 basis points to 1.495%, the lowest since last September, while the 2-year note rate TMUBMUSD02Y, -3.24% edged 1.4 basis points lower to 1.381%. The 30-year bond yield TMUBMUSD30Y, -3.26% slipped 4.2 basis points to 1.930%, falling below… Continue Reading…
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