Here is a list of the top news items from this week on Wall Street:
1. The unemployment rate rose over 10% this week, marking the first time since 1983. Data from the labor department showed that employers cut another 190,000 jobs last month, pushing the rate of unemployment up from Septembers 9.8%. Although economists had been expecting the unemployment rate to drop to just 9.9%, shares rose sharply on Thursday, closing above the heavily-watched 10,000 level.
2. The Fed held its key interest rates at the 0-0.25% range this week. As this had been expected by traders, the real speculation was related to the language used in the FOMC statement: to keep rates "exceptionally low" for an "extended period".
3 ...
NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- The average conforming 30-year fixed mortgage rate was unchanged at 5.35 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.31 discount and origination points. (Logo: http://www.newscom.com/cgi-bin/prnh/20040122/FLTHLOGO ) The average 15-year fixed mortgage was down slightly to 4.72 percent while the larger jumbo 30-year fixed rate jumped to 6.50 percent. Adjustable rate mortgages were mixed, with the average 1-year ARM inching lower 5.27 percent and the 3-year ARM rising to 4.88 percent. Mortgage rates were mostly in a holding pattern leading up to a meeting of the Federal Open Market Committee. And with the Fed delivering no surprises in their statement that followed, mortgage rates aren't likely to show much movement in response. The Fed's ongoing purchases of mortgage-backed debt are holding mortgage rates at compelling levels, but this won't be ...
Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales ...
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Trading Radar for 11/04: Cisco (CSCO), Comcast (CMCSA), Tyco (TEL), Molson Coors (TAP) Report
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Capstead Mortgage Corporation Announces Third Quarter 2009 Earnings
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NY Fed Adviser:Good Chance FOMC May Change Rate Language Next Wk - Dow Jones
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Guaranty Bancorp Announces 2009 Third Quarter Financial Results
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Unity Bancorp Reports Third Quarter and Nine Month Results
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Union Bankshares Corporation Reports Earnings
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American River Bankshares Reports Third Quarter 2009 Financial Results
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Fed's Beige Book from Oct. 21
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Hudson City Bancorp, Inc. Reports Record Quarterly Earnings of $135.1 Million
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Flushing Financial Corporation Reports 2009 Third Quarter Earnings Increase of 65% to $0.33 Per Diluted Common Share; Core Earnings Increase of 3.7% to $0.28 Per Diluted Common Share
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Federal Reserve Accountability Act An Unacceptable Compromise
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Penns Woods Bancorp, Inc. Reports Third Quarter 2009 Earnings
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Moving From Recession to Recovery: What Can We Really Expect?
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Highlights from FOMC Minutes: Fed Members Concerned About Economic Outlook Without Gov't Aid
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FOMC Minutes September 22-23
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A New Term To Reckon With
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Trading Radar for 10/14: JPMorgan (JPM), Abbott Labs (ABT), Host Hotels (HST), Grainger (GWW) Report; Import/Export Prices, Retail Sales, FOMC Minutes
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Fed's Kohn Speaks to NABE on Economic Outlook
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Annaly Capital Management Announces Monthly Commentary for September
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David Moenning's Daily State of the Markets: Mixed Emotions
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Fed's Kohn At the Cato Institute's Shadow Open Market Committee Meeting
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Top 10 News Items 9/21-9/25: IPO's Everywhere!, Equity Offerings En Fuego, RIM Falls Sharply as Earnings Disappoint
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Fed Governor Warsh Pens Op-Ed in WSJ: Regulators Will Need Aggressive Actions to Reverse Policies
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St. Louis Fed's Bullard Calls for the Development of Quantitative Rules for U.S. Monetary Policy That Could Be Implemented in the Current Environment
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David Moenning's Daily State of the Markets: It's Almost Official
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Federal Reserve Statement Regarding Purchases of Agency Mortgage-Backed Securities and Agency Debt
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CBOE Volatility Index NASDAQ 100-VXN down 69c to 23.39; FOMC leaves discount rate unchanged at 0.5%
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FOMC Statement for Sept. 23: Sees Rates 'Exceptionally Low' for 'Extended Period'
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CBOE Volatility Index NASDAQ 100-VXN down 47c to 23.61 into FOMC policy and rate decision.
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Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says
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Trading Radar for 9/23: General Mills (GIS), AutoZone (AZO), Bed Bath & Beyond (BBBY), Paychex (PAYX), Copart (CPRT), Cintas (CTAS) Report; Crude Inventories, Fed Rate Decision Due
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Protiviti Introduces Advisory Board to Help Clients Navigate Changing Economic and Regulatory Environment
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Pivotal Bouts of the 21st Century: Tom Busby vs. Ben Bernanke
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Rumors Swirling Some Fed Members Support Rate Hikes
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Diary of a Crisis II: Bear, Lehman and Into the Abyss
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Annaly Capital Management Announces Monthly Commentary for August & New Blog Posts
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FOMC Minutes August 11-12, 2009
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Trading Radar for 9/2: Joy Global (JOYG), Hovnanian (HOV), Oxford Industries (OXM), Collective Brands (PSS) Report; ADP Employment, Nonfarm Productivity, Factory Orders Due
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David Moenning’s Daily State of the Markets: Popular Press Pet Peeves
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Fed Leaves Rates Unchanged
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FOMC Maintains 0%-0.25% Rate; Leaves Amount of Treasuries Purchase Planned at $300B
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Trading Radar for 8/12: BHP Billiton (BHP), Macy's (M), Toll Brothers (TOL), Kinross Gold (KGC), Advance Auto Parts (AAP), LDK Solar (LDK) Report; Trade Balance, Crude Inventories, FOMC Rate Decision
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David Moenning's Daily State of the Markets: Seasonal Swoon Ahead?
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BGB Securities Initiates Coverage on American Capital Agency (AGNC); Portfolio Repositioned With Room For Improvement
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FBR Capital Reiterates an 'Outperform' on Hatteras Financial (HTS); Raises Price Target & Estimates
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FBR Capital Reiterates an 'Outperform' on Annaly Capital Management (NLY); Raises Price Target
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Bernanke's Testimony on Semiannual Monetary Policy Report
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Bernanke On 'The Fed's Exit Strategy'
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Top 10 News Items 7/13-7/17: Bank Earnings Surprising to the Upside; Tech Earnings Just Behind; 'When Bears Turn Bull' Lifts Stocks
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Signs Of Recovery Boost Stocks 3%
