Totally Free Market Analysis.com
Updated News on the Market
Weekly Update 9/4/09
Great news even thought the S&P was off 1.7% this week, but the index has risen 52% since the low back in the first part of March. We are starting to see some signs of recovery and manufacturing and housing numbers are gaining momentum. The commerce Dept. reports that factory order rose 1.3% by the end of the second quarter. Pending home sales index increased by 3.2% as well. Good news, we had the largest increase in residential spending in four years.
New claims for jobless workers fell 4,000 down now to 570,000 by the end of August. Total unemployment rate is near 9.7% and avg hourly earnings bumped 2.6% (thanks min wage).
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