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| Subject: California and Nevada updated computer systems | |
Author: financial week 11 calendar 37==Monday 9/9 to Saturday 14/9/2013 | [ Next Thread |
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] Date Posted: 05:04:33 09/20/13 Fri My WatchlistTrack companies like Q that matter to you. It's FREE! Click here to track Q. .Share on emailEmail Share on printPrint . Recs 0 Back to Yahoo! Dow Lower Despite Positive Economic Reports By Dan Dzombak | More Articles September 19, 2013 | Comments (0) QQuintiles Tr CAPS Rating 4/5 Stars . $44.15 $-0.94 (-2.08%) + Watch Q on My Watchlist Don't let it get away!Keep track of the stocks that matter to you. Help yourself with the Fool's FREE and easy new watchlist service today. •Click Here Now Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis. Positive economic reports are not enough to pull the Dow Jones Industrial Average (DJINDICES: ^DJI ) higher today. As of 1:15 p.m. EDT the Dow is down 37 points to 15,639, while the S&P 500 (SNPINDEX: ^GSPC ) is down three points to 1,722. There were four U.S. economic releases today. Report Period Result Previous New unemployment claims Sept. 7 to Sept. 14 309,000* 294,000* Current account Q2 ($99 billion) ($105 billion) Existing home sales August 5.48 million 5.39 million Leading indicators August 0.7% 0.5% *Results affected by computer glitch. New unemployment claims rose by 15,000 to a seasonally adjusted 309,000. However, the number of claims was again affected by delays in processing in California and Nevada after the states updated their computer systems last week. Analysts had expected the level of claims to rise to 338,000. Until the backlog is fixed, we must wait to see what the true level of claims actually is. In any event, it's well below last year's average of 370,000, signaling a steadily improving job market. US Initial Claims for Unemployment Insurance data by YCharts. Second was the National Association of Realtors' existing-home sales report, which surprised analysts on the upside, rising 1.7% in August to a seasonally adjusted annual rate of 5.48 million. That beats analyst expectations of a drop to 5.2 million and July's level of 5.39 million and marks the highest level since early 2007. US Existing Home Sales data by YCharts. NAR chief economist Lawrence Yun said it could get worse from here: Rising mortgage interest rates pushed more buyers to close deals, but monthly sales are likely to be uneven in the months ahead from several market frictions. Tight inventory is limiting choices in many areas, higher mortgage interest rates mean affordability isn't as favorable as it was, and restrictive mortgage lending standards are keeping some otherwise qualified buyers from completing a purchase. Mortgage rates jumped over the summer as the market sold off ahead of a possible drawdown of the Federal Reserve's asset purchases. Yesterday the Fed announced it would not take any action, continuing its $85 billion-per-month bond purchases for the time being. Lastly, the Conference Board's Leading Economic Index jumped 0.7% in August to 96.6. The index was led higher by the widening interest-rate spread between the 10-year Treasury and the federal funds rate, as well as improvements in the average number of hours worked per week, average weekly new unemployment claims, and the Institute for Supply Management's New Orders Index. The rising Leading Economic Index shows that the economy is poised to improve going forward. Dividend stocks can make you rich. It's as simple as that. While they don't garner the notoriety of high-flying growth stocks, they're also less likely to crash and burn. And over the long term, the compounding effect of the quarterly payouts, as well as their growth, adds up faster than most investors imagine. With this in mind, our analysts sat down to identify the absolute best of the best when it comes to rock-solid dividend stocks, drawing up a list in this free report of nine that fit the bill. To discover the identities of these companies before the rest of the market catches on, you can download this valuable free report by simply clicking here now. The Next Industry to Crumble... Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode... And 3 established companies are perfectly positioned to take advantage of this game-changing economic shift. Enter your email address below to find out how YOU can take advantage! Privacy/Legal Information Dan Dzombak can be found on Twitter @DanDzombak or on his Facebook page, DanDzombak. He has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Read/Post Comments (0) | Recommend This Article (0) Share on emailEmail Print Feedback . Share on emailEmail Share on printPrint The End of the "Made-In-China" Era The 21st century industrial revolution has already begun. Business Insider calls it "the next trillion dollar industry". A new investment video reveals the impossible (but real) technology that could make you impossibly rich. Click here to see the surprise ending Comments from our Foolish Readers Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment. Be the first one to comment on this article. Your Fool username will be displayed with your comment. Please be respectful with your comments. Review our Fool's Rules. Your comment may be delayed up to 15 minutes [ Next Thread | Previous Thread | Next Message | Previous Message ] |
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