It was a mixed day of trading on Wall Street as concerns over the debt ceiling and the growth of the global economy weighed on the minds of investors.
The Mortgage Bankers Association is reporting a 15.2 percent increase in mortgage applications from a week earlier, marking the second week of gains.
The Labor Department said consumer prices were flat in December as prices rose by only 1.7 percent in 2012. This gives way for the Federal Reserve to stay on course to accelerate the economy.
Among big bank earnings, Goldman Sachs (NYSE:GS) posted a strong fourth quarter, as earnings almost tripled thanks to a surge in investment banking revenues.
JPMorgan Chase (NYSE:JPM) also beat earnings expectations as the bank reported a record $5.7 billion for the fourth quarter.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from Bank of America (NYSE:BAC).
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