Oil Rises As Market Rebounds On U.S. Housing Data, EU Summit June 2012 No News: U.S. stocks rebounded from recent lows as short-term bullishness dominated market sentiment today based on technical indicators suggesting oversold conditions. The June EU Summit 2012 yielded no new major outcomes and investors bought stocks based on some positive U.S. housing…
March 2012 Pending Home Sales Rise While April 21, 2012 Jobless Claims Marginal – Fed Seen As Dovish: Pending Home Sales Rise 4.1 Percent In March 2012 The economic data is turning from mixed-positive to mixed. Pending home sales rose 4.1 percent for March 2012 the National Association of Realtors said today. This is the highest level…
February 2012 Pending Home Sales Fall But Remain 9.2 Percent Higher Than 2011: NAR report shows pending home sales fell 0.5 percent. The housing market gave investors more negative data regarding the economic recovery. The housing market has been in a slump for the last few years and today there was some evidence this may…
Unemployment Rate stays the same..Jobs Added The jobs number was better than expected by most economists today. The economy gained 151,000 jobs in October and this is the best jobs report of its kind since May. The major sectors that are creating jobs right now are health care, retail and temporary hiring/staffing agencies. The unemployment…
National Association of Realtors Data Shows Pending Home Sales Up The National Association of Realtors stated today that the number of people who signed contracts to purchase a home rose in August. The rise in pending home sales occurred again for the second straight month. Signs that the job market is still slow and fears…
