Daily Data Flow
Daily Data Flow: Fannie Mae Becomes Cash Cow; Dollar Dips on Official’s Remarks; Stocks Rise on Recommendation to Keep Stimulus
Mortgage giant Fannie Mae reported a record net income of just more than $58 billion for the first quarter, causing its share price to surge over 500 percent during the last three months.
Daily Data Flow: Stocks Fall on Stimulus Reactions; Economists Foresee Consumer Spending Rise; Yen Ascends on Official’s Comments
Stocks fell today, due mainly to investors weighed corporate deals alongside how the central banks’ stimulus efforts have been performing.
How Long Will the Japanese Rally Last?
The aggressive monetary policy of Japanese Prime Minister Shinzo Abe and the Bank of Japan (BoJ) has caused the island-nation’s currency to pass the 100 yen-to-the-dollar level and lift the price of Japanese equities. The question on the minds of many investors is: How much longer can Japan’s rally last?
Daily Data Flow: Unemployment Falls in 43 States; Dollar Beats Euro, Yen; Consumer Sentiment Rebounds; GM Shares Break $33 IPO Level
Unemployment rates have dropped in 43 out of the 50 states from last year, as well as in the District of Columbia, according to Labor Department data released today.
Daily Data Flow: Economic Growth Slows; Jobless Claims Rise; Strategist: S&P Won’t Peak Until 2017
More Americans than expected applied for unemployment benefits last week, marking the highest count of applications in six weeks.
Daily Data Flow: S&P and DOW Hit All-Time Highs Again, Optimism Remains; Treasury 10-Year Yields Fall from Two-Month High; 2013 Graduating Class Entering Weakened Economy
The S&P and DOW hit all-time highs earlier today as stocks edged up, continuing the market’s recent upward trend. Specifically, eight of the S&P 500’s 10 sectors traded higher, with the S&P consumer staples index up by 0.8 percent.