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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 05, 2012
Page
11
New York traders moved higher after a labor market report and robust retail results. The Dow rose 89 to 13,583 as Bank of America led gains, while the S P 500 gained seven and the Nasdaq edged up one amid better factory orders and Costco sales.
Freddie Mac reported the 30 year fixed mortgage rate dropped to 3.36 percent in the latest weekly survey, down from 3.40 percent. The decline marks a fresh record low and suggests Fed stimulus actions are affecting long term borrowing costs.
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