Stocks at a Stand Still Until Earnings Reports Released – Market Update

Quicken Loans Market Update - Quicken Loans Zing Blog The International Monetary Fund cut their economic forecasts for countries around the globe as an “alarmingly high” risk of a steeper slowdown is present. When governments calculate the effect of austerity measures on future economic output, they use a multiplier of 0.5, meaning for every dollar cut from government spending, 50 cents would be lost in economic output.

What’s up on Wall Street

The Dow Jones Industrial Average dropped 2.07 points (-0.02%) while the Nasdaq fell 21.82 points (-0.70%). Also, S&P 500 decreased 2.09 points (-0.14%).

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 loans 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.

CNNMoney.com

Stocks Slip as Investors Await Earnings

The New York Times

Partisan Bias and Economic Forecasts

Reuters

Wall Street Flat as Caution Prevails Before Earnings

 

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