Weekly Economic Review: Stocks & Mortgage Rates Drop for Third Straight Week

Posted by Laine Smith on 1/17/15 7:34 AM

Topics: Economy

Stocks and mortgage rates both dropped slightly this past week. Retail sales dropped 0.02% in December but are up 3.2% from a year ago. The markets are closed on Monday for Martin Luther King Jr. Day. We'll receive news on Housing starts and existing home sales later in the week. 

Stocks_and_Mortgage_Rates_Drop

Last week in the economy:

  • The S&P 500 started the week at 2,045 and dropped 1.26% to end the week at 2,019
  • Mortgage rates (The national average) dropped 0.02% (2 basis points) last week. 
  • Retail Sales declined 0.9% in December. Retail sales are up 3.2% from a year ago. 
  • Industrial Production declined 0.1% in December. Production is up 4.8% from a year ago. 
  • The Producer Price Index (PPI) declined 0.3% in December. PPI is up 1.1% from a year ago

 

What's on the economic calendar for the week of January 19, 2015:

  • Monday: All markets will be closed for Martin Luther King Jr. Day
  • Wednesday: Housing Starts will be released
  • Thursday: Jobless Claims will be released
  • Friday: Existing Home Sales will be released

 

If you enjoyed our economic review, you can get economic updates e-mailed to you weekly by clicking the button below:

 

Subscribe to Weekly Economic Updates

 

 

Our trusted source for all economic news is First Trust Portfolios out of Wheaton, IL. For greater insights on these figures check out their blog here.

 

Subscribe to Email Updates