Daily Market Update 8/4/09

Rates were little changed Tuesday following reports on June Personal Income and Pending Home Sales. Personal Income fell 1.3%, a bit more than expected, but Pending Home Sales rose 3.6%, easily beating forecast. Stocks were mixed. Investors will now begin turning their attention to Friday’s release of Nonfarm Payrolls figures for July. Economists are expecting the report to show a net loss of 300,000 jobs for the month and an increase of .1% in the Unemployment Rate to 9.6%.

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