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| Week 51 -2023 | From Dec. 18 to Dec. 22, 2023 |
10-Year Treasury Yield
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GDP
US GDP Data highlights: The third reading of real gross domestic product came in lower than expected. Real gross domestic product rose at an annual rate of 4.9% in the third quarter, according to the third estimate from the Bureau of Economic Analysis. That’s down from the second estimate’s increase of 5.2%, and lower than the rise of 5.1% anticipated by economists polled by Dow Jones. In the second quarter, real GDP rose by 2.1%.
Fedex
FedEx shares tumble 10% after weaker demand hit revenue outlook
FedEx results fell short of estimates in its fiscal second quarter. The company’s Express unit was hit by lower demand. The company lowered its full-year sales outlook. FedEx shares fell about 10% Wednesday morning after the package delivery giant cut its revenue forecast as weaker demand hit sales. Here’s how FedEx performed versus Wall Street’s expectations: Adjusted earnings per share: $3.99 vs. $4.18, according to analysts surveyed by LSEG. Automotive revenue: $22.17 billion vs. $22.41 billion expected.
MBA Purchase Applications
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Jobless Claims
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Mortgage Rates
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