Economic Updates for Monday, September 29

Posted by Laine Smith on 9/29/14 7:00 AM

Topics: Economy

Economic_Updates_for_September_29

 

This past week the stock market took a dive but we received some good housing news. Let's take a look at the numbers:

 

Economic updates from the Week of September 22, 2014:

  • The S&P 500 started the week at 2,009 and dropped to 1,983, a 1.36% decline for the week.
  • New single family home sales rose 18% in August. This is up 33% from a year ago.
  • Existing home sales declined 1.8% in August. Sales were down in the West and South and up in the Northeast and Midwest
  • New orders for durable goods fell 18.2% in August

 

What's coming up on the economic calendar for the week of September 29, 2014:

  • Personal income will be reported on Monday
  • The ISM manufacturing index will be reported on Wednesday
  • The ADP employment report will be reported on Wednesday
  • Jobless claims will be reported on Thursday

 

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

 

 

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