Market Analysis

Bonds are improved this morning on higher than expected Initial Jobless Claims for the week ended 2/20/10.  Claims were expected to drop 14,000 from 474,000 to 460,000.  Instead they increased 22,000 to 496,000.  Also February Durable Goods orders excluding the volatile transportation component were down .6% vs expectations of an increase of 1%.  Including transportation, Durable Goods orders were up 3%, which is better than the expected increase of 1.5%. The Dow is currently down approx 150 points.

Posted by Matthew Breston on February 25th, 2010 11:36 AMPost a Comment (0)

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