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Obama Wins Nobel, Trade Balance Before Bell
President Barack Obama won the Nobel Peace Prize this morning. The 44th president is the third sitting president to receive the honor but the first to win within his first year as commander-in-chief. The Nobel Committee said he was chosen “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.†rnrnOn to markets, equities are roughly flat this morning after the S&P 500 gained 0.75% in Thursday’s session. The only piece of data to hit markets this morning is the trade balance at 8:30, but three officials from the Federal Reserve give talks throughout the day as well.
HAMP Reaches Half-Million Borrowers. Results Depend on Redefaults
The U.S. Departments of Treasury and Housing and Urban Development announced on Thursday that a goal of 500,000 loan modifications has been reached nearly a month ahead of schedule.
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