2010年12月23日星期四

A strong Christmas shopping season, or early termination of the Federal Reserve printing debut

Although the day of the general positive economic data released, but the 23-day New York stock market performance is very flat, the three major indexes were mixed to close eventually.

As the day is the last trading day before Christmas, so a lot of economic data is published in advance, the results again proved the stability of the economy picking up. However, these reports basically in line with market expectations, and most investors do not want to adjust the position of mass before the holidays, so in general, have little effect on the market.

According to the U.S. Labor Department data released last week, the number of initial claims for unemployment benefits fell by 3,000, seasonally adjusted total to 42 million. However, data from the previous week but was slightly increased, and the four-week moving average decreased for several weeks and then after a small increase.

At the same time, from the U.S. Commerce Department report showed U.S. consumer spending in November and personal income are moderate growth; durable goods orders fell more than expected, but after deducting transportation products increase is strong than expected; U.S. new home sales are also slow growth. This series of economic data show that the U.S. economy's recovery has been enhanced, but still slow.

Consumer confidence data released the day of the market played a supporting role. University of Michigan and Reuters announced that U.S. consumer confidence index in December the final value of 74.5 points, 74.2 higher than the initially expected to show U.S. consumers more optimistic economic outlook. New York stock markets closed, the Dow Jones 30 industrial stock index rose more than 14.00 points the previous trading day to close at 11,573.49 points, or 0.12%. Standard & Poor's 500-stock index fell 2.07 points to close at 1256.77 points, down 0.16%. The Nasdaq composite index fell 5.88 points to close at 2665.60 points, down 0.22%.
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interest only mortgage rates

quantitative easing

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