Stronger than expected ISM manufacturing data started a sell off that continued until the closing bell. Several dealers put out revised NFP forecasts and big block trades with less than 20 minutes before the Treasury close.
What’s Up on Wall Street?
The Dow Jones Industrial Average lost 35.15 points (-0.22%) while the Nasdaq also went down 1.77 points (-0.05%). The S&P 500 decreased 2.69 points (-0.16%).
Current Mortgage Rates
Here are some of today’s mortgage rates:
- 30-Year Fixed: 4.375% (4.621% APR)
- 15-Year Fixed: 3.375% (3.758% APR)
- 5-Year ARM: 2.875% (3.12% APR)
Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loan options.
Financial Links
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.
CNNMoney
Stocks Slip on Weak Jobs Report
The New York Times
U.S. Adds 162,000 Jobs as Growth Remains Sluggish
The MReport
Case-Shiller Detects First Double-Digit Price Gain in 7 Years
The post Stronger Than Expected ISM Manufacturing Today – Market Update appeared first on the ZING Blog by Quicken Loans.