Daily Market Update 12/1/08

Mortgage rates fell again Monday as stocks moved lower. In economic news, the ISM Manufacturing Index reported the sharpest decline in new orders for manufactured goods in 26 years. Construction Spending fell 1.2% last month, greater than expected. Traders will be closely watching this Friday’s release of Non-farm Payrolls data for November.

Leave a Reply

Your email address will not be published.

Back to top