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Several Fed speakers are in line to talk today, including Dallas Fed President Fisher at 1:15 PM.  The weekly initial jobless claims released yesterday saw a minor drop from 390,000 last week to 388,000 this week.  Additionally, today’s economic release will be the Leading Indicators, which many expect will rise from its prior level of 0.2 percent.

What’s Up on Wall Street?

It was another ugly day on Wall Street, marking the second consecutive day of losses for all three indexes.  The Dow Jones Industrial Average fell 134.86 points (1.13 percent), while the S&P 500 dropped 20.78 points (1.68 percent).  The biggest loser of the day was the Nasdaq Composite, which fell 51.62 points (1.96 percent).  This week has just been absolutely brutal for the market.

Eric Mally writes for Quicken Loans and loves that it’s one of the most amazing places to work.  Check out the Quicken Loans YouTube page and learn more about what it’s like to work at QL.

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