The DOW is down 30 points in early trading as mortgage rates hit a record low for the sixth time in seven weeks. The lower trading is due to a spike in jobless claims which was unexpected as it still scares investors. The Labor Department said initial claims for unemployment benefits jumped to 479,000 last week from a 460,000 a week earlier. Economists polled by Thomson Reuters had forecast new claims would fall modestly to 455,000. This is a scary thought as the market has been increasing slightly that jobless claims are still increasing so are we still in growth or is it just a push for the market to come back? Let me know what you think!!
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Topsy Turvy Tuesday!
13 years ago
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