Daily Markets: Stocks Flat Despite Mortgage Demand Spike Due To Worsening Pandemic

Daily Markets: Stocks Flat Despite Mortgage Demand Spike Due To Worsening Pandemic

Today’s Big Picture

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Today’s Big Picture

Equity indices finished today on a mixed led by the 0.9% drop in India’s Sensex and the 0.8% dive in Japan’s Nikkei index. Those declines were offset by the 1.7% gain in China’s Shanghai Composite, which marks its seventh-straight gain, and the 0.6% move higher in Hong Kong’s Hang Seng. By mid-day trading, however, the major European equity indices were all in negative territory. After spending early morning in the red, U.S. futures clawed their way back and following the weekly mortgage applications report that showed a significant jump year over year – see today’s Data Download for more —  those equity futures are up modestly. 

Data Download

Coronavirus

By the end of today, there will be over 12 million confirmed cases of the coronavirus worldwide and more than 550,000 lives lost. The U.S. has over 3 million confirmed cases, Brazil (the second…

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