Economic Week in Review: Favorable signals from housing
February 24, 2012
https://personal.vanguard.com/us/insights/article/economic-week-review-02242012
Positive news emerged from two of the global economy’s most-troubled precincts: the U.S. housing market and Greek debt negotiations. January results showed that home sales extended their favorable trend in the deeply depressed sector, while European negotiators hammered out an agreement on a second bailout plan for Greece, subject to approvals. For the week ended February 24, the S&P 500 Index rose 0.3% to 1,366 (for a year-to-date total return—including price change plus dividends—of about 8.9%). The yield on the 10-year U.S. Treasury note declined 3 basis points to 1.98% (for a year-to-date increase of 9 basis points).
Existing-home sales grow in January
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Zim.
Mad Poet Strikes Again.
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