Thursday, October 15, 2009

Economic Data; Stocks Uneasy, But Holding


Jobless claims down to 514,000 for the week

CPI up .2%, more than expected, still modest

Foreclosure filings 928,000 for 3rd quarter

NY Manufacturing inched higher - Manufacturing activity in the New York area improved at the fastest pace in five years, the New York Federal Reserve Bank reported Thursday, while a similar report from the Philadelphia Fed indicated a slower pace of expansion.

Meanwhile, the Philly Fed's index fell to 11.5 in October from 14.1 in September, with 28% saying business had improved and 17% saying it had worsened. The decline was in line with expectations