taday’s data 2010-09-23

Initial jobless claims for the week ended Sept. 18 came in higher than expected, rising by 12,000 to 465,000. Economists had predicted claims to rise only by 3,000. Additionally, initial claims from the prior week were revised upward to 453,000 from 450,000. The four-week moving average, however, fell by 3,250 to 463,250, and continuing claims for the week ended Sept. 11 decreased by 48,000 to 4.489 million.
The Conference Board's leading economic index displayed more positive signs by increasing 0.3% in August, following a 0.1% increase in July. This reading was higher than the expected 0.2% increase. However, the index has decreased its pace to 2.0% in the six months leading up to August compared with 4.8% in the preceding six months.
August existing-home sales increased 7.6% to a seasonally adjusted annual rate of 4.13 million. This is a significant gain from the 27% drop in July sales and higher than the predicted rate of 4.10 million homes in August.
Blockbuster BLOKABLOKB announced that it has filed for Chapter 11 bankruptcy, sinking the firms shares in the mid-20% range, and this news hurt the retail sector in the morning.

 

news is mixed. but initial jobless claims was really unexpected. the market went lower little bit. but there is not second big dip!

hold tight. buy on any dip!