Tag Archives: rise

Markets in Japan and mainland China gained Friday, following another record day on Wall Street, as most other major global markets were closed for the Good Friday holiday. Japan’s Nikkei 225 NIK, +1.58% rose 1.1%, with SoftBank 9984, +4.22% rising more than 3%. The Shanghai Composite SHCOMP, +0.52% edged 0.4% …

BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday after Japan and South Korea reported unexpectedly strong economic data and President Joe Biden announced a $ 2.3 trillion U.S. infrastructure spending plan. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. Japan’s closely watched Tankan survey found …

Mortgage applications decreased for the third straight week – this time down 2.5%, according to the latest report from the Mortgage Bankers Association, as reported by HousingWire. Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government …

Gold futures were heading sharply lower Wednesday morning, as U.S. Treasury yields resumed their rise and the dollar firmed, following the first gain for the precious metal in six sessions on Tuesday. Gold for April delivery on Comex GC00, -1.45% GCJ21, -1.45% was down $ 25.60, or 1.5%, to trade at …

The average mortgage rate hasn’t risen this high since the end of July 2020. Higher rates signal an economy that’s slowly regaining its footing, noted Sam Khater, Freddie Mac’s chief economist, reported by HousingWire. Rising rates certainly didn’t slow new home sales in January. The U.S. census bureau reported sales …

The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 923,000 in January, the U.S. Census Bureau reported Wednesday. That was 4.3% above the upwardly-revised pace of 885,000 in December. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 850,000. Compared …

The U.S. factory sector is showing solid momentum going into 2021, with orders rising for eighth straight months. Orders for manufactured goods rose 1.1% in December after a 1.3% gain in the prior month, the Commerce Department said Thursday. Economists surveyed by the Wall Street Journal were expecting a 0.7% …

The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 842,000 in December, the Census Bureau reported Thursday. That was 1.6% above the downwardly-revised pace of 829,000 in November. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 875,000. Compared to …

Wall Street appeared to cheer a change of leadership in the White House, producing one of its best returns in nearly four decades on the day of a new president’s inauguration. Read: Stock-market performance under Trump trails only Obama and Clinton The Dow Jones Industrial Average DJIA, +0.83% and the …