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Market Update, Friday July 31, 2020

Stocks edged higher following positive results from the largest tech companies’ quarterly earnings reports. Shares in Apple, Facebook and Amazon were up pre-market as reports indicate that the three companies posted better than expected sales during the last three months.

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Market Update, Friday July 31, 2020

Stocks edged higher following positive results from the largest tech companies’ quarterly earnings reports. Shares in Apple, Facebook and Amazon were up pre-market as reports indicate that the three companies posted better than expected sales during the last three months.

Market Update, Thursday July 30, 2020

Stocks opened lower following the sharpest U.S. economic contraction reported on record in the second quarter. Initial estimates from the Commerce Department indicate the economy shrank 32.9% in the three months ending June 30th.

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Market Update, Monday March 30,2020

Market Update, Monday July 27, 2020

Stocks opened mixed as investors continue to review earnings reports and monitor developments on the anticipated U.S. stimulus package. Republicans are set to release their proposal for the next coronavirus relief bill and start negotiations with Democrats as the expiration of jobless benefits is scheduled for the end of the month

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Market Update Mortgage Finance, MBS

Market Update, Tuesday July 28, 2020

Stocks opened lower as investors assess corporate earnings and focus on the progress of the next stimulus bill. Republicans will need to secure the backing of Democrats to move forward with their current proposal to cut the federal weekly unemployment supplement from $600 to $200 through September, at which point the payment would combine the state benefits.

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LoanStream Market Update

Market Update, Wednesday July 29, 2020

Stocks opened higher as investors anticipate the conclusion of the Federal Reserve meeting and a congressional hearing before the House Antitrust Subcommittee later today. One Tuesday, the Fed announced it would extend emergency lending programs by three months to encourage activity during the pandemic.

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Market Update, Thursday July 30, 2020

Stocks opened lower following the sharpest U.S. economic contraction reported on record in the second quarter. Initial estimates from the Commerce Department indicate the economy shrank 32.9% in the three months ending June 30th.

Read More »