Equities Looking to Rebound as Dollar Weakens

by devteam December 9th, 2009 | Share

Equities shed 1% yesterday on heightened debt concerns following a Moody’s report voicing worry over the growing debt in the UK and the US.  One hour before the opening bell, equity futures are on the rebound with the benchmark S&P 500 up 5.25 points to 1,095.

Commodities are also on the rebound as the US reverses course after appreciating against a basket of currencies yesterday.  WTI Crude oil is trading $1.06 higher at $73.68 per barrel and Spot Gold is up $13.50 to $1,141.90.

In fresh numbers already released, mortgage applications rose 8.5% in the week ending December 4th, according to MBA. Purchase and refinancing activity both rose in the week as the average rate for a 30-year mortgage fell three tenths to 4.79%, the lowest rate mid-May.

Key Events Today:

10:00 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...