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Newspaper
Register Herald
Location
Beckley, West Virginia, United States of America
Date
Nov 26, 1998
Page
9
The Dow edged higher after a second day of profit taking, finishing up 13.13 at 9,314.28 as light trading and many traders prepared for a shortened session. The Nasdaq led gains on Internet stocks with overall market resilience despite mixed economic signals and a prior Tuesday dip.
AP poll of 1,018 adults conducted Nov 13 17 by ICR finds 25 percent will cut gift spending with about 60 percent aiming to spend the same as last year. Women are likelier than men to spend less. distribution ranges from under 100 dollars to over 1000. Experts note mixed signals yet a generally hopeful Christmas outlook.
Freddie Mac reports the 30 year fixed rate at 6.78 percent this week, down from 6.86 percent last week and 6.93 percent two weeks earlier. Fifteen year mortgages averaged 6.44 percent, while one year adjustable rates stood at 5.54 percent. points averaged about 1 percent of loan amounts for all three types.
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