Isn’t it nice to wake up in the morning knowing that you’ll be able to read the Federal Reserve Release in common English later in the day? Don’t act surprised. This isn’t something new to the Zing! Blog. Every time the Fed sends out a press release at the end of their Federal Open Market Committee meeting, I take a stab at breaking it down in an easier to understand format for our readers out there. Just check out the reviews we’ve had: “This is the most informative post I’ve ever read” – My Mom
Mortgage backed securities (MBS) have not benefitted from stock losses as prices remain fairly flat. Initial and continuing jobless claims came in much higher than expected. Initial claims came in at 439,000, well above the 375,000 that was predicted.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 23.52 (0.19%) while the Nasdaq rose 5.72 points (0.20%). Also, the S&P 500 increased 4.25 points (0.31%).
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.