Wednesday, March 21, 2012

The American Housing Market is Struggling To Recover.


A treasury 10-year notes rose for a 2nd day, while U.S. stocks retreated, amid concern that the American housing market is struggling to recover for the Dollar Index and commodities were little changed and the ten-year Treasury yields decreased five basis points to 2.31 percent at 10:05 a.m. in New York after yesterday falling for the 1st time in 10 days, halting the longest increase since 2006.

And the Standard & Poor's 500 Index slipped 0.2 percent to 1,403.05 after the benchmark gauge yesterday retreated from the highest level in almost four years in the crude oil added 0.7 percent to $106.32 a barrel S&P GSCI Index of commodities drifted between gains and losses and the treasuries climbed after sales of previously owned U.S houses unexpectedly fell 0.9 percent in february are they showing to real-estate market is taking time to stabilize, and U.S mortgage applications slid.

The new york oil rebounded after falling 2.3 percent yesterday and copper gained 0.6 percent to $3.8540 a pound in the data showed U.S. crude supplies shrank by 1.4 million barrels last week, according to the American Petroleum Institute and the Energy Department may say today that inventories climbed by 2.2 million barrels, a Bloomberg News survey showed.

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