Breakfast Bites: Equities are mixed this morning, currently trading between negative and positive territory on continued concerns over a recession in Europe after some weak economic reports
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 4.5% in the week ended Feb 17.
Sales of previously owned U.S. homes rose in January by 4.3%, the highest level since May 2010
Breakfast Bites: While Greece remains an underlying theme to this market, stocks got a boost this morning on some good domestic economic news, but the move has been held somewhat in check thanks to the possible downgrade of global banks by Moody’s.
Weekly jobless claims posted a surprising drop of 13,000 to a seasonally adjusted 348,000, according to the Labor Department, falling to its lowest level in almost four years.
The Producer price index posted its largest gain in six months, rising 0.4 percent in January, after increasing 0.3 percent in December