The document provides a weekly economic update including stock market performance summaries and previews of upcoming economic data releases. Key points include: existing home sales dropped 3.6% in August while new home purchases increased 36.27%; consumer sentiment rose 1.3 points in September; durable goods orders declined sharply in August driven by declines in aircraft orders. The stock market had a volatile week with the Dow and S&P 500 declining around 2-3% while the Nasdaq fell 3.46%.
Original Description:
New Home Sales Jump, Resales Dip
Original Title
The Weekly Market Update for the Week of September 29, 2014
The document provides a weekly economic update including stock market performance summaries and previews of upcoming economic data releases. Key points include: existing home sales dropped 3.6% in August while new home purchases increased 36.27%; consumer sentiment rose 1.3 points in September; durable goods orders declined sharply in August driven by declines in aircraft orders. The stock market had a volatile week with the Dow and S&P 500 declining around 2-3% while the Nasdaq fell 3.46%.
The document provides a weekly economic update including stock market performance summaries and previews of upcoming economic data releases. Key points include: existing home sales dropped 3.6% in August while new home purchases increased 36.27%; consumer sentiment rose 1.3 points in September; durable goods orders declined sharply in August driven by declines in aircraft orders. The stock market had a volatile week with the Dow and S&P 500 declining around 2-3% while the Nasdaq fell 3.46%.
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WEEKLY TIP
%ced"le &o"r &earl& 'inancial re(iew !o coincide ro"gl& wi! an anni(ersar& or a )ir!da&# Te li'e e(en! will *ro(ide a read& reminder#
WEEKLY +IDDLE
Wa! , common Englis-lang"age words )o! con!ain , Cs in a row. , %s in a row and !wo Ls in a row/
Last weeks riddle: Wa! word meas"res weig! and !"rns nega!i(e i' s*elled )ac0wards/
Last weeks answer: Ton# %e*!em)er ,1. ,234
NEW HOME SALES JUMP, RESALES DIP E5is!ing ome sales sl"m*ed 3#67 in A"g"s! 8 !eir 'irs! re!rea! since Marc. according !o !e Na!ional Associa!ion o' +eal!ors# Tis 'ollowed gains o' ,7 or more in eac o' !e *re(io"s !ree mon!s# News a)o"! new ome *"rcases was )e!!er9 !e Cens"s :"rea" recorded an 36#27 increase 'or A"g"s!. more !an ma0ing "* 'or !wo mon!s o' declines# Kee* in mind !a! !ese n"m)ers ma& )e signi'ican!l& re(ised ;as an e5am*le. Ma&<s a**aren! 36#=7 ad(ance in new ome )"&ing was red"ced !o an 6#>7 gain a mon! la!er?# 3.,
CONSUMER SENIMEN RISES A! a 'inal %e*!em)er mar0 o' 64#=. !e Uni(ersi!& o' Micigan<s m"c-wa!ced cons"mer sen!imen! inde5 clim)ed ,#3 *oin!s a)o(e i!s 'inal A"g"s! reading# Economis!s *olled )& :loom)erg e5*ec!ed i! !o reac 64#6. owe(er# Tis mon!<s *reliminar& reading 'or !e inde5 was also 64#=# >
AN !"#$% DROP &OR HARD 'OODS ORDERS Te A"g"s! descen! was !e )igges! mon!l& di* e(er recorded )& !e Commerce De*ar!men!. 'ollowing !e )igges! mon!l& rise e(er seen 8 !e re(ised ,,#@7 gain in A"l&# MaBor (aria!ions in aircra'! orders a''ec!ed !ose *ercen!ages# Min"s !e !rans*or!a!ion sec!or. d"ra)le goods orders were "* 2#C7 las! mon!# 4
( )OLAILE DA*S ON HE SREE U#%# air s!ri0es agains! I%I%# Ke& economic indica!ors soaring and *l"nging# An A**le sello''# Q, DDP re(ised "* !o 4#=7# :ill Dross lea(ing PIMCO 'or Aan"s# All !is made 'or a co**& wee0 on Wall %!ree!. wi! @-da& *er'ormances o' maBor indices as 'ollows9 %EP @22. -3#>C7 !o 3.16,#6@F NA%DAQ. -3#467 !o 4.@3,#31F DAIA. -2#1=7 !o 3C.33>#3@# >.@
HIS WEE+9 A"g"s! *ersonal s*ending s!a!is!ics and A"g"s! *ending ome sales 'ig"res arri(e Monda&. along wi! earnings 'rom Cin!as# T"esda& o''ers !e la!es! Con'erence :oard cons"mer con'idence inde5. A"l&<s Case-%iller ome *rice inde5. %e*!em)er<s G%:C man"'ac!"ring PMI 'or Cina. %e*!em)er readings on e"roHone "nem*lo&men! and in'la!ion and earnings 'rom Walgreens# O''icial %e*!em)er 'ac!or& PMIs 'or Cina. Aa*an and !e e"ro area come o"! on Wednesda& along wi! %e*!em)er<s I%M 'ac!or& PMI 'or !e U#%#F in(es!ors will also consider !e la!es! ADP em*lo&men! re*or!# Te E"ro*ean Cen!ral :an0 olds a *olic& mee!ing T"rsda&. and !a! da& also )rings a new ini!ial Bo)less claims re*or!. A"g"s! 'ac!or& orders da!a and Q> res"l!s 'rom Cons!ella!ion :rands# Irida&. !e La)or De*ar!men! iss"es i!s %e*!em)er Bo)s re*or! and I%M releases i!s %e*!em)er non-man"'ac!"ring PMI#
S#$%&'() #*+,*'.-(..&#/0 1,2&34%5(.&#/0 5%'4($%6.2#7 - 9/26/14 6070809 I*8,&'( 4%' $*/4*42'80 8# *#5 ,*&$% 9''( #% ':;'*('(0 4*8 &4**#5 1' ,*7'(5'8 ,*5# 8,%'&5+6. T3'(' %'5$%*( 8# *#5 ,*&+$8' 8,7,8'*8(. 88546 Please feel free to forward this article to family, friends or colleagues. If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. Securities and advisory services offered through National Planning Corporation(NPC), Me!er "#N$%&S#PC, $egistered #nvestent %dvisor' "lagStone $etireent Consultants, ((C and NPC are separate and unrelated copanies' "lagStone $etireent Consultants and NPC are neither endorsed !y, retained !y, or affiliated )ith the copanies here )ithin'
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