|
December 2nd, 2022
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
In the week ending November 26, the advance figure for seasonally adjusted initial claims for unemployment insurance was 225,000, a decrease of 16,000 from the previous week’s revised level, the Department of Labor reported. The previous week’s level was revised up by 1,000 from 240,000 to 241,000. The four-week moving average was 228,750, an increase of 1,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 226,750 to 227,000.
Interest on a 30-year fixed-rate mortgage averaged 6.49%, down from last week, when it averaged 6.58%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.11%. Interest on a 15-year fixed-rate mortgage averaged 5.76%, down from last week, when it averaged 5.90%. A year ago at this time, the 15-year FRM averaged 2.39%.
Construction spending during October was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3% below the revised September estimate of $1,800.1 billion, the Census Bureau reported. The October figure is 9.2% above the October 2021 estimate of $1,644.3 billion. During the first 10 months of this year, construction spending amounted to $1,507.8 billion, 10.8% above the $1,360.8 billion for the same period in 2021.
|
|
|
|
| MARKET MIRROR |
Thursday, the Dow decreased 194.76 points (0.56%) to close at 34,395.01, the Nasdaq gained 14.45 points (0.13%) to end trading at 11,482.45 and the S&P 500 decreased 3.54 points (0.09%) to close at 4,076.57. The Russell 2000 decreased 4.89 points (0.26%) to close at 1,881.68 and the Wilshire 5000 decreased 16.11 points (0.04%) to close at 40,536.31.
The price of the 10-year Treasury note decreased 6/32, and the yield was down to 3.511%. The price of the 30-year Treasury bond decreased 7/32, and the yield was down to 3.602%.
|
|
|
|
|
|
|
|
SURVEYS
|
|
CIO’s Transition Management Survey
|
Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey. 
|
|
|
|
|
ON THIS DATE: In 1804, Napoleon crowned himself emperor of France. In 1823, the Monroe Doctrine, which declared that the U.S. would not interfere in European affairs but that its sphere of interest included the entire Western Hemisphere, was enunciated by President James Monroe. In 1859, abolitionist John Brown was hanged following a raid on Harpers Ferry, Virginia. In 1954, the Senate voted to censure Senator Joseph R. McCarthy for his conduct in the investigation of communism in the U.S. In 1970, a new federal regulator, the Environmental Protection Agency, opened. In 2001, the Enron Corporation filed for Chapter 11 bankruptcy protection in a New York court.
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
