Evening Market Wrap

Evening Market Wrap Thursday, September 29, 2011, 17:02 Contents Commentary Economic News Currency Alerts Political News Stocks To Watch Commentary Wall Street Closes Mixed Following Volatile Trading Day - U.S. Commentary Stocks saw considerable volatility over the course of the trading day on Thursday, having difficulty sustaining any significant moves. The choppy trading came despite some upbeat U.S. economic data and some positive news out of Europe. (Sep 29, 2011) Full Article Economic News U.S. Weekly Jobless Claims Drop Below 400,000 First time claims for U.S. unemployment benefits showed a notable decrease in the week ended September 24th, according to a report released by the Labor Department on Thursday, with claims dropping below the key 400,000 level. The report showed that initial jobless claims fell by 37,000 to 391,000 from the previous week's revised figure of 428,000. Economists had expected jobless claims to edge down to 420,000 from the 423,000 originally reported for the previous week. (Sep 29, 2011) Full Article U.S. Economy Grew Faster Than Previously Estimated In Q2 The U.S. economy grew more than initially reported in the second quarter, according to figures released Thursday by the Commerce Department. The 1.3 percent growth in U.S. gross domestic product, while still weak, was 0.3 percentage points stronger than the 1 percent growth previously reported. Most economists had predicted a somewhat smaller upward revision to 1.2 percent. (Sep 29, 2011) Full Article U.S. Pending Home Sales Dip 1.2% Amid Hurricane Disruptions Pending home sales in the U.S. fell by less than expected in the month of August, the National Association of Realtors revealed in a report on Thursday, with disruptions due to Hurricane Irene contributing to the decrease. NAR said its pending home sales index fell by 1.2 percent in August following a 1.3 percent decrease in July. Economists had been expecting the index to show a more notable decrease of about 2.0 percent. (Sep 29, 2011) Full Article Currency Alerts Dollar Holds Recent Gains Despite EFSF Expansion The dollar held its ground against the euro on Thursday amid concerns that Greece will need to restructure its debt even after Germany's parliament backed a bigger EFSF fund by an overwhelming margin. The expanded bailout fund to prop up struggling eurozone members such as Greece received the support of 523 members of Germany's 620-seat Bundestag in a victory for Chancellor Angela Merkel. (Sep 29, 2011) Full Article Political News House Approves Stopgap Spending Bill To Avoid Shutdown While both houses of Congress are in recess, the House of Representatives used a procedural maneuver Thursday to pass a temporary spending bill to prevent a government shutdown at the end of the week. The House approved the legislation by unanimous consent, with just three Congressmen present for the pro forma session. The spending bill only funds government operations until October 4th but gives the House a chance to pass a separate Senate-approved bill that extends funding until November 18th. (Sep 29, 2011) Full Article Stocks To Watch Drilling For Success... This independent energy company comes on our radar with consistent operating results, growing production, and expanding operating margin. (Sep 29, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service