Daily Data Flow
Daily Data Flow: Housing Crash Fades on Mortgage Payments; Buffett: Stocks to Go “Far Higher”; Dollar Gains on Yen
American homeowners increasingly are able to pay off their mortgages, marking a contrast from the housing crisis of six years ago.
Daily Data Flow: Dow Hits 15,000; Housing Rebound Rises alongside Jobs Gains; Dollar Rises against Yen
For the first time ever, the Dow Jones Industrial Average reached 15,000, setting a new record high in the process. An expectations-beating April employment rise and a sudden decline in the jobless rate were major contributors to the Dow’s growth today.
Daily Data Flow: Stocks Rise on Unemployment Decline; Clothing Left Behind in U.S. Manufacturing Rebound; European Central Bank Cuts Interest Rates
Stocks rose today, as the European Central Bank cut its key interest rate and American jobless claims unexpectedly fell.
Daily Data Flow: Stocks Fall as Fed Sticks to Plan; Most States Still above 10% “Real” Unemployment; Hong Kong Positive for First Month Since January
Stocks fell today, as payroll and manufacturing growth slowed and the Federal Reserve announced it will continue buying bonds to support the economy.
Daily Data Flow: Market Climbs Higher Again; Cheapest April Gas in at Least Three Years; Cyprus Narrowly Approves Bailout
While earnings continued coming in, it was an increase in consumer confidence that sent the S&P 500 to a new all-time high today.
Daily Data Flow: S&P 500 Hits New High; Cold Weather Hurting Springtime Sales; Euro Rises on Italian Government Solution
Investors were encouraged by a rise in pending home sales and optimism towards continued stimulus plans from central banks, and stocks rose, sending the S&P 500 to yet another all-time peak.