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Thursday, February 24, 2011

Today's data 2011-02-24(mixed)

Orders for durable goods rose 2.7% in January after three straight declines, said the Commerce Department. This larger-than-expected gain was driven by commercial aircraft orders that jumped from $148 million to $7.4 billion. Transportation orders climbed 27.6%. All other durables fell by 3.6%, while defense capital goods jumped 31.5% and nondefense capital goods rose 4.6%.

Initial jobless claims declined by 22,000 to 391,000 for the week ended Feb. 19. The drop was larger than economists expected and represents the second time this month that claims have fallen below 400,000. Although the economy is picking up, the Federal Reserve expects the unemployment rate to remain high until the end of 2011. Missouri had the largest rise in claims, while Pennsylvania saw the largest decline.

Sales for new homes dropped 12.6% to a seasonally adjusted rate of 284,000 in January, according to the Commerce Department. Economists had predicted sales rates would decline 8.8%. Last year was the worst year in new home sales on record, and the housing market continues to struggle because of high unemployment and foreclosures. Although the slight decline in prices have made hou sing more affordable, an extended decline could fuel a market slump. 


(positive U.S. economic data, but house data is not that good. 
market continue on its bear side) 

today is not that import, it's keeping the downside trend.  almost on this firday, the bear should show its power, also The bull is not easy to take over the market before we have a deal for god cut or 2012 国民预算。

it's my personal opinion. downside is keeping well and will continue maybe on next week.

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