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Daily Financial News - Mortgage | Real Estate | Stock Market

Written By: Listing Office

Stocks Abandon Rally -  CNNMoney.com -- Stocks gave up gains Thursday, ending little changed, as a late-session bounce in the dollar sapped the strength out of a rally that had pushed the Dow, S&P 500 and Nasdaq near new 18-month highs.


The Dow Jones industrial average added 5 points, or less than 0.1%. Earlier it had risen as much as 119 points, to within 46 points of 11,000, before giving back most of those gains. The S&P 500 index lost 2 points, or 0.2%. The Nasdaq composite was little changed.


Long-term Treasurys continue loosing streak - CNNMoney.com -- Long-term Treasurys continued to fall Thursday after the last of three auctions totaling $118 billion this week.


What prices are doing: The benchmark 10-year note fell 11/32 to 97-25/32, driving the yield up to 3.9%. The 30-year bond fell 17/32 to 97-24/32 with a yield of 4.77%. Bond prices and yields move in opposite directions. The 5-year note gained 8/32 to 99-8/32 with a yield of 2.67%. The 2-year note was little changed at 99-26/32 with a yield of 1.11%.


What's moving the market: Thursday's auction of 7-year notes marked the last of this week's three government auctions issuing new supply of U.S. debt to fund the country's budget deficit.


Jobless claims slide - The number of Americans filing first-time claims for unemployment insurance fell last week to the lowest level in six weeks, the government said Thursday.


There were 442,000 initial jobless claims filed in the week ended March 20, down 14,000 from a revised 456,000 the previous week, according to a weekly report from the Labor Department.

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