Market gains give no clues on Fed action

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE‘Mame,’ ‘Hello, Dolly!’ composer Jerry Herman dies at 88160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! NEW YORK – Wall Street closed the week with modest gains Friday, though trading was erratic as encouraging signs of a cooling housing market conflicted with signals of economic strength and left no real clue about the Federal Reserve’s next move. The latest report on the housing sector showed new-home sales tumbling 10.5 percent in February, according to the Commerce Department – the biggest one-month drop in nine years. With slowing housing demand, Wall Street felt it would be easier for the Fed to stop raising rates soon. But a surge in big-ticket factory orders raised questions about whether demand would hold steady, possibly increasing pricing pressure and the chance for higher inflation. The Fed meets Monday and Tuesday, and is expected to raise the nation’s benchmark rate by a quarter percentage point, to 4.75 percent. The Dow Jones industrial average rose 9.68, or 0.09 percent, to close at 11,279.97.last_img read more


first_imgMark McHugh could be about to hand Donegal boss Jim McGuinness a huge boost in his bid for an All-Ireland double.Mark McHugh is on the mend but will it be soon enough?The All-Star footballer has been cleared of concussion and could return for the All-Ireland quarter-final against Mayo in Croke Park this Sunday.The Kilcar player suffered serious injuries in what doctors described as akin to being in a car crash in the Ulster Final with Monaghan. A burst ear drum, sustained in the collision with Monaghan’s Stephen Gollogly, is not believed to be holding him back.However the player suffered a five centimetre tear of his quad muscle which remains a concern and he is still walking with a limp.Donegal’s starting 15 will be confirmed this morning with footballer of the year Karl Lacey also expected to start.“Mark’s definitely got a chance,” said Donegal selector Rory Gallagher. “The dead leg is the most concerning thing at the minute but he passed the seven to 10 days.” McHUGH’S FITNESS COULD SUPPLY DONEGAL WITH A HUGE BOOST was last modified: July 31st, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:fitnesskilcarMark McHughlast_img read more