Tag: 30 year fixed mortgage
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Stocks Drop on Bank Earnings, Tech Gains
U.S. stocks closed with moderate losses Thursday, weighed by a disappointing report from J.P. Morgan Chase & Co. and trade data from China. The Dow Jones Industrial Average fell 40.72 points, or 0.35%, to 11,478.13. The S&P 500 ended down 3.59 points, or 0.30%, at 1,203.66. The Nasdaq Composite gained 15.51 points, or 0.60%, to…
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Stocks Rise on Europe and Claims Data
U.S. stocks ended higher for a third session Thursday, as better-than-forecast jobless claims data and statements from European officials on bank recapitalization efforts inspired buyers. The Dow Jones Industrial Average ended up 183.38 points, or 1.68%, to 11,123.33. The S&P 500 ended up 20.94 points, or 1.83%, to 1,164.97. The Nasdaq Composite was up 46.31…
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Stocks Drop In Worst Quarter Since 2008
U.S. stock indexes dropped more than 2% Friday, ending their worst quarter since the depth of the financial crisis, worries over Europe dominated. The Dow Jones Industrial Average fell 240.60 points, or 2.16%, to 10,913.38. It gained 1.3% for the week but lost 6% for the month. The 12.1% quarterly loss was the worst since…
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Stocks Sank on Global Worries
U.S. stocks sank Thursday on worries about the global economy and the health of European banks. The Dow Jones Industrial Average lately fell 419.63 points, or 3.68%, to 10,990.58. The S&P 500 fell 53.24 points, or 4.46%, to 1,140.65. The Nasdaq Composite lost 131.05 points, or 5.22%, to 2,380.43. New worries about the health of…