The Latest Breaking News from Philadelphia Fed

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.78%. Stock indexes on Thursday posted moderate losses. Weakness in...

The dollar index (DXY00 ) on Thursday fell by -0.09% on weaker-than-expected U.S. Philadelphia Fed, existing home sales, and leading indicators reports. Also, signs of weakness in the U.S. labor market undercut the dollar when weekly initial unemployment claims rose more than expected. However, the dollar recovered most of its...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. U.S. stock indexes this morning are moderately lower. Weakness...

In Philadelphia, about a third of owner-occupied homes were valued at less than $125,000 in 2021. But that year, only about 2% of mortgages made in the city were the type generally used to purchase properties in this segment of the market, according to an analysis by the Federal Reserve…

Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade on Thursday after closing lower in the previous session. The Dow Jones dropped by 100 points on Wednesday, ending a two-session winning streak.

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims declining to 197,000 for the May 14 week from 203,000 in the previous week. The Philadelphia Fed manufacturing index for May is scheduled for release at 8:30 a.m. ET. The…

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET. Philadelphia Fed President Patrick Harker is set to speak at 9:30 a.m.…