Thursday, February 25, 2010
U.S. stocks fall on concerns over jobs, Greece
U.S. STOCKS FAll ON CONERNS OVER JOBS, GREECE
U.S. stocks drop sharply at Thursday's after a jump in jobless claims cast
doubt over the economic recovery, and concerns deepen over the
stability of euro zone debt.
DURABLE GOODS ORDERS SURGE 3% ON AIRPLANES
Orders for U.S-made durable goods soar 3% in January to a seasonally
adjusted $175.7 billion on higher bookings for civilian airplanes, the
Commerce Department estimates.
WEEKLY JOBLESS CLAIMS JUMP 22,000 TO 496,000
The number of people filing first-time enemployment claims rises by
22,000 to a seasonally adjusted 496,000 in the latest week, Labor
Department data show.
TREASURYS ADVANCE AFTER JOBLESS CLAIMS JUMP
Treasury prices add to gains as jobless-claims data show an unexpected
increase, pushing yields on 10-year notes to the lowest in more than two weeks.
30-YEAR FIXED-RATE MORTGAGES RISE TO ABOVE 5%
For the first time in three weeks, rates on 30-year
fixed-rate mortgages rose to above 5%, according to Freddie Mac's
weekly survey of conforming mortgage rates.
