Syrah Chaetau
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Good News Release in U.S., Poor Stock Performance

As for news, U.S. unemployment benefits in the four weeks ended Aug. 3 declined to 335,500 on average. It also encourage 30 years Mortgage rate loan going up to 4.4%. Prices for single-family homes also climbed in 87 percent of U.S. Values are increasing as home buyers. However, people is concern that rising borrowing costs may hurt future demand.

After most of the quarter earning came out, 72 percent have exceeded analysts’ profit estimates and 55 percent have beaten sales projections.Standard & Poor’s 500 is acting fluctuated. After reach 1700 point, the S&P 500 fell 0.1 percent, market close at 1697.48.