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Equities Sector Coverage: Stocks Fail to Recoup Losses to End Streak of Gains

Despite low mortgage rates, mortgage applications for re-financings and home purchases declined 4.5% last week. Existing Home Sales rose 4.3% in January to an annual rate of 4.57 million units.
Initial Jobless Claims came in at 402,000 well below the 350,000 recessionary threshold. On Friday, Personal Income should rise by 0.2% with Spending up 0.7% in September. The Dow Jones Industrial