Treasuries rose yesterday, snapping a three day decline, before reports today should show U.S. jobless claims increased by 7,000. Economists believe this will dampen the Fed’s plan to withdraw stimulus money. Focus today is not when the Fed will taper, but how much they will taper. Economists believe the Fed will reduce Treasury purchases and sustain the MBS purchases.
What’s Up on Wall Street?
The Dow Jones Industrial Average increased 34.51 points (0.23%) while the Nasdaq decreased 21.79 points (-0.59%). Also, the S&P 500 dropped 4.37 points (-0.26%).
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.