This gap down is the first real momentum to the down side in a very long time. If the high of the day holds this could be a short term trend, still ways to go before the day ends.
However the existing home sales rose by 1 percent in December .After falling for three months, sales of existing homes rose 1% in December to a seasonally adjusted annual rate of 4.87 million, pushing 2013's total sales to the highest level in seven years, the National Association of Realtors reported Thursday
In the seven days ended Jan. 18, initial jobless claims edged up by 1,000 to a seasonally adjusted 326,000, the Labor Department said Thursday.
The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks, according to interviews with officials and their public comments.
The new claims figure appears to offer more proof that the labor market has not softened as much as the government’s employment report in December suggested.
However the existing home sales rose by 1 percent in December .After falling for three months, sales of existing homes rose 1% in December to a seasonally adjusted annual rate of 4.87 million, pushing 2013's total sales to the highest level in seven years, the National Association of Realtors reported Thursday
In the seven days ended Jan. 18, initial jobless claims edged up by 1,000 to a seasonally adjusted 326,000, the Labor Department said Thursday.
The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks, according to interviews with officials and their public comments.
The new claims figure appears to offer more proof that the labor market has not softened as much as the government’s employment report in December suggested.