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Mortgage-Backed Securities Up – Market Update

by Jonathan Slappey on February 14, 2012 in Market Update

Mortgage-backed securities are up this morning due to the Advanced Retail Sales report that came in lower than expected. Details of the Greek austerity measures have yet to be formalized and set into motion, infuriating many citizens in Europe.

What’s Up on Wall Street?

All of the U.S. markets closed in the green yesterday. The Dow Jones Industrial average closed up 72.81 points (0.57 percent). The S&P 500 closed up 9.13 points (0.68 percent). Also, the Nasdaq composite closed up 27.51 points (0.95 percent).

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Tags: DOW up Fed Mortgage Backed Securities Up Nasdaq Composite up Quicken Loans S&P 500 Up

About Jonathan Slappey

Jonathan has a passion for journalism, sports, and cashmere sweaters. He lists playing basketball as a higher priority than eating food, and rumor has it he even sleeps with his basketball. When he’s not reading up on world news, and writing about politics or personal finance, Jonathan can be found cheering on the Lions at Ford Field or attempting to convince Cleveland Cavaliers owner Dan Gilbert to add him to the active roster.

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