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Written By: Listing Office

Stocks end at new 2010 lows - CNNMoney.com -- Stocks ended a volatile session lower Friday, with the major indexes ending at new 2010 lows in the aftermath of a weaker-than-expected June jobs report.

 

The Dow Jones industrial average lost 46 points, or 0.5%, after having been on both sides of the unchanged line through the session. The Nasdaq composite slipped 9 points, or 0.5% and the S&P 500 index dropped 0.5% as well.

 

The Dow and Nasdaq ended at fresh 8-month lows and the S&P 500 at a 9-month lows.

 

Treasurys mixed after jobs report - CNNMoney.com -- Treasury prices were mixed Friday after an employment report from the government showed the first monthly decline in U.S. payrolls this year.

 

What prices are doing: The price of the 10-year note fell 8/32 to 104-15/32 and its yield held steady at 2.98%. The 2-year bond was flat at 100 with a yield of 0.63%, and the 5-year note held steady at 100-10/32, yielding 1.82%. Meanwhile, the 30-year bond fell 27/32 to 107-19/32 with a 3.94% yield.

 

What's moving the market: Demand for the safety of government debt was tepid after a report showed a larger-than-expected monthly decline in jobs, as investors entered a long holiday weekend.

 

The Labor Department said 125,000 jobs were lost last month, the first decline in U.S. payrolls this year. The drop was largely due to the loss of 225,000 census jobs that had inflated payrolls by 433,000 net jobs in the previous month.

 

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Written By: Listing Office

Stocks at new 2010 lows - CNNMoney.com -- Stocks slipped Thursday, but managed to trim bigger losses, after worse-than-expected readings on manufacturing, housing and the labor market fueled fears that the economy is heading for another recession.

 

The Dow Jones industrial average lost 41 points, or 0.4%, for its lowest close since Oct. 30. The Nasdaq composite lost 8 points, or 0.4%, closing at its lowest point since Nov. 4. The S&P 500 lost 3 points, or 0.3%, closing at its lowest point since Oct. 2.

 

Treasurys give up gains - CNNMoney.com -- Treasurys turned lower in late afternoon trading Thursday, after they had posted gains earlier the day on three disappointing economic reports.

 

What prices are doing: The price of the 10-year note ended the day 4/32 lower, at 104-23/32 with a 2.95% yield. Meanwhile, the 30-year bond was flat at 108-18/32 and a 3.89% yield. The 2-year note hovered around 100, with a yield of 0.64% and the 5-year note slipped 5/32 to 100-11/32 with a 1.81% yield. Bond prices and yields move in opposite directions.

 

Pending home sales 'fell off a cliff' - The experts expected home sales to drop once the homebuyer tax credit lapsed at the end of April, but the depth of the decrease was shocking.

 

According to the National Association of Realtors (NAR), pending home sales fell a whopping 30% in May. Their index, which measures signed sales contracts but not closed sales, plunged to 77.6 from 110.9 in April. It's even off 15.9% from a year ago when the nation was barely emerging from the recession. 

 

"The pending home sales report is a disaster," said Mike Larson, a real estate analyst for Weiss Research. "Sales fell off a cliff after the tax credit expired. It's the biggest monthly decline ever and the index is at its lowest level since NAR began tracking it in 2001."

 

Lawrence Yun, NAR's chief economist downplayed the damage a bit. According to him, customers rushed into deals to claim the credit, borrowing from May sales. Once the economic recovery comes into full swing, housing markets will heat up.

 

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Written By: Listing Office

Stocks dive as second quarter ends - CNNMoney.com -- Stocks finished lower after a late-session retreat, as investors piled out of a downbeat quarter that ended with Wednesday's session.

 

The major indexes had teetered on either side of breakeven throughout the day as investors weighed a weak jobs report against an improved European bank outlook that provided earlier support.

 

But all three indexes turned down sharply as the session ended. The Dow Jones industrial average lost 96 points, or 1%, to finish at 9,774.02. The S&P 500 closed down 1% at 1,030.71 and the Nasdaq lost 1.2% to end at 2,109.24.

 

Treasury prices slip - CNNMoney.com -- Treasury prices ended mixed Wednesday as investor appetite for safe-haven assets faded a day after prices surged and the benchmark 10-year note's yield fell to a 14-month low below 3%.

 

What prices are doing: The 10-year note edged up 3/32 to 104-25/32 and its yield fell to to 2.94% from to 2.96% late Tuesday. The 2-year note shed 1/32 to 100-1/32 and its yield was 0.62%. The 2-year note's yield fell Tuesday to 0.59%, a record low. The 30-year bond rose 23/32 to 108-14/32 with a yield of 3.93%. Bond prices and yields move in opposite directions.

 

Foreclosures sell at 30% discount - Foreclosures accounted for a third of all sales -- and sold at a nearly 30% discount -- during the first three months of 2010.

 

According to a new report from RealtyTrac, the marketer of foreclosed properties, 31% of all sales were foreclosures. And homebuyers purchasing those properties paid a whopping 27% less, on average, compared to sales of non-distressed homes.

 

These foreclosure sales include properties sold in short sales or after a bank repossession, known as REOs in industry terms. It does not include transfers from borrowers to banks, as in a sheriff's auction.

 

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