Police arrested Millennium Title owner Nancy Jackson Carroll Thursday in Illinois after being accused of leaving town with stolen money. Carroll was a fugitive from the law after vanishing nearly two weeks ago. …read more
From:: Real Estate Wire
U.S. stocks end higher, log second-straight weekly losses
U.S. stocks ended Friday’s session sharply higher, led by big gains in the financials and oil. Oil futures surged 12%, their biggest one-day gain in seven years. Meanwhile, a rally in J.P.Morgan Chase & Co. and Goldman Sachs Group, Inc. shares led gains on the Dow Jones Industrial Average. However, the main indexes, booked their second consecutive weekly declines due to losses earlier in the week. The S&P 500 gained 35.69 points, or 2%, to 1,864.77 but ended the week 0.8% lower. The Dow Jones Industrial Average jumped 313.66 points, or 2%, to 15,973.84, but booked a 1.4% weekly loss. Meanwhile, the Nasdaq Composite rose 70.67 points, or 1.7%, to 4,337.51 and ended the week 0.6% lower.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Ellie Mae earnings highlight big bank exit from mortgage business
Ellie Mae’s latest earning results further confirmed the growing dominance of large and mid-sized lenders in the mortgage industry. As mega lenders pull away from originations, the rest of the industry is quickly responding to fill the gap. …read more
From:: Real Estate Wire
Oil futures rally 12.3% for the day, but still fall for the week
Oil futures rallied Friday, buoyed in part by comments from the United Arab Emirates’ energy minister who said that the Organization of the Petroleum Exporting Countries is willing to cooperate on possible production cuts. Prices, however, still posted a loss for the week on the back of the ongoing global crude surplus. March West Texas Intermediate crude jumped $3.23, or 12.3%, to $29.44 a barrel on the New York Mercantile Exchange. That was the largest one-day percentage gain since January 2009, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Gold futures have their best week since mid-December 2008
Gold futures settled lower on Friday, pulling back after rallying to a one-year high a day earlier. For the week, however, prices for the metal jumped about 7.1% to score their best percentage gain since the week ended Dec. 12, 2008 as a rout in global equities helped to buoy investment interest in gold. April gold settled at $1,239.40 an ounce, down $8.40, or 0.7%, for the session.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Vulcan Materials doubles quarterly dividend
Shares of Vulcan Materials Co. climbed 1.1% in afternoon trade Friday, after the construction materials maker said it was doubling its quarterly dividend. The new dividend of 20 cents a share, up from 10 cents a share, will be payable March 10 to shareholders of record on Feb. 24. At current share prices, the new annual dividend would imply a dividend yield of 0.88%, compared with the aggregate S&P 500 dividend yield of 2.39%, according to FactSet. The stock has lost 8.1% over the past three months, while the S&P 500 has dropped 9.5%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Baker Hughes reports an eighth-straight weekly decline in U.S. oil rig count
Oil prices continued to climb after data Friday from Baker Hughes showed that the number of active U.S. oil-drilling rigs edged down for an eighth week in a row. They fell by 28 to 439 as of Friday. The total active U.S. rig count, which includes natural-gas rigs, was down 30 at 541. Compared to last year, the total U.S. rig count has fallen by 885, with oil rigs down by 673. March crude was at $29.49 a barrel on the New York Mercantile Exchange, up $3.28, or 12.5%. It was trading at $29.25 before the data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
$2.8B Fannie, Freddie, Ginnie Mae bulk MSR portfolio hits market
Another batch of mortgage rights hit the market, with a $2.8 billion Fannie Mae, Freddie Mac and Ginnie Mae bulk MSR now for sale. Key features of the portfolio include a weighted average original credit score of 733 and a weighted average original loan-to-value ratio of 70%. …read more
From:: Real Estate Wire
$2.8B Fannie, Freddie, Ginnie Mae bulk MSR portfolio hits market
Another batch of mortgage rights hit the market, with a $2.8 billion Fannie Mae, Freddie Mac and Ginnie Mae bulk MSR now for sale. Key features of the portfolio include a weighted average original credit score of 733 and a weighted average original loan-to-value ratio of 70%. …read more
From:: Real Estate Wire
J.P. Morgan Chase, Goldman Sachs shares adding over 60 points to the Dow
J.P. Morgan Chase & Co.’s stock soared $4.25, or 8%, in midday trade Friday, putting it on course for the biggest one-day percentage gain in over four years, a day after it closed at a multiyear low. The stock’s run up followed a report in The Wall Street Journal late Thursday that the bank’s chief executive, Jamie Dimon, bought 500,000 shares of the bank to help boost investor interest in the beaten down bank sector. The stock was the Dow Jones Industrial Average’s biggest percentage gainer on Friday. The Dow’s second-biggest gainer was Goldman Sachs Group Inc.’s stock , which rallied $4.65, or 3.3%. The two stocks’ gains added about 61 points to the Dow’s price, representing about one-quarter of the Dow’s 240-point surge. Through Thursday, the stocks’ combined year-to-date price declines shaved off about 360 points from the Dow, representing about one fifth of the Dow’s 1765-point drop.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News