Yesterday, the market rallied yet again with the government finally reaching a short-term deal to end the shutdown. Short-term lending rates quickly improved, causing a sustained spike in the MBS market as well. The three FOMC speakers took the stage yesterday claiming the Fed should hold off on tapering bond purchases until economic conditions improve. The next big report will be the Employment Situation Report rescheduled to be released Tuesday.
What’s Up on Wall Street?
The Dow Jones Industrial Average decreased 23.89 points (-0.16%) while the Nasdaq increased 29.84 points (0.77%). Also, the S&P 500 rose 4.27 points (0.25%).
Here are some of today’s rates:
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.