Economics Update October 27, 2009
New housing starts rose.5% Building permits down Existing home sales up 4% National Associate of Realtors –Existing Home sales rose 9.4% in Sept. Average Weekly Hours were flat –Concerning White House
Consumer Confidence Index –47.7 – Down From 53.4 Recent Indicators
Case Shiller Home Price Index- Down 11.32% –Better than Expected Initial Claims- Up 2.1% Durable Goods- Tomorrow GDP- Thursday Personal Consumption Expenditures- Friday Continue to look at Initial Claims Recent Indicators
Tech Stocks- Up.89% –PC Sales- Up 2% Health Care- Down 1.75% Airline Stocks- Down 8.9% Crude Oil Futures- Up 3.5% Weekly Performance
Year To Date