Investors Shift Focus to Europe and Upcoming Fiscal Cliff – Market Update

Investors Shift Focus to Europe and Upcoming Fiscal Cliff - Market Update - Zing Blog The Dow dropped over 300 points yesterday as investors are shifting their focus to Europe and the upcoming fiscal cliff. The bad news is we captured most of the benefit of mortgage backed security (MBS) prices yesterday, so today we’ll see a decline in price.

What’s Up on Wall Street?

The Dow Jones Industrial Average decreased 69.14 points (-0.53%) while the Nasdaq fell 23.91 points (-0.81%). Also, the S&P 500 dropped 9.06 points (-0.65%).

Current Rates

Here are some of today’s rates:

Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loan options.

Financial Links

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.

Reuters

Trade Deficit Narrows, Economy Resists Global Chill

MarketWatch

U.S. Stock Erase Gains on Green Concerns

CNNMoney

China Talks Reform as Transition Begins

 

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