1 Nouvel Hay Magazine

Mise à Jour de l’économie US par Rafic Vartan

L'économie US : September 29 2018

Market update for the week ending September 29 2018

 

CRUDE OIL 73.56 GOLD 1.196.20 SILVER 14.69 EUR/USD 1.16

 
Stocks drop slightly in the final week of September –  Stock markets fell slightly this week after hitting record highs last week. Escalating trade tensions with China and another interest rate hike by the Federal Reserve left investors a little more cautious this week. The Dow Jones Industrial Average closed the week at 26,458.31, down from 26,743.50 last week. It is up 7% year to date. The S&P 500 closed the week at 2,913.98, down from 2,929.67 last week. It’s up 9% year to date. The NASDAQ closed the week at 8,046.35, up from 7,986.96 last week. It’s up 16% year to date.
 

 

Treasury Bond Yields slightly lower –  The 10 year treasury bond closed the week yielding 3.05%, down slightly from 3.07% last week. The 30 year Treasury bond yield ended the week at 3.19%, almost unchanged from 3.20% last week. We watch Treasury bond yields because mortgage rates follow bond yields.
 

Mortgage rates higher this week –  The September 27 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.72%, up from 4.65% last week. The 15 year fixed was 4.16%, up from 4.11% last week. The 5 year ARM was 3.97%, up from 3.93% last week.
 

Consumer Confidence at highest level hits 18 year high in September –  The U.S. Consumer Confidence Index hit its highest level since 2000 this week according to data from the Conference Board’s September survey.
 

New home sales rebound in August –  The Commerce Department reported that sales of new homes increased 3.6% in August from July on a seasonally adjusted annualized rate. Year over year the number of new homes sold in August increased 12.7% from August 2017. The median price paid for a new home increased 1.9% from one year ago.
 

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