Economic Week Snip-it

A wintry mix
The light slate of economic news this week focused on the housing market, where snow or rain across much of the United States put a damper on new-home construction. On the bright side, existing-home sales grew at their fastest month-over-month rate ever (although the trend remains well below housing-boom highs) and the index of leading economic indicators rose again. In international news, President Obama hosted China's President Hu Jintao for an official state visit to Washington, D.C., to discuss cooperation on a variety of issues. For the week ended January 21, the S&P 500 Index fell 0.8% to 1,283 (for a year-to-date total return—including price change plus dividends—of about 2.1%). The yield of the 10-year U.S. Treasury note rose 9 basis points to 3.44% (for a year-to-date increase of 11 basis points

Gail Shafer

Gail Shafer

Licensed Real Estate Salesperson
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