Today: 18. Dec, 2024
Wall Street maintained its steady course around record levels on Thursday, buoyed by a blend of economic data that left investors cautiously optimistic. The S&P 500 edged up by 0.1%, mirrored by a similar rise in the Dow Jones Industrial Average, while…
Wall Street faced a tumultuous day on Tuesday as major indices tumbled, marking the worst day in three weeks for the stock market. The S&P 500 fell by 1%, its second consecutive decline after hitting an all-time high last week. The Dow…
The commercial real estate (CRE) market has faced its fair share of challenges in recent years, grappling with the aftershocks of the pandemic, shifts in work and shopping behaviors, and the tightening of credit due to higher interest rates aimed at combating…
In a day marked by fluctuating market sentiment, Wall Street remained poised to clinch yet another week of gains, despite intermittent wavering in stock performance. The S&P 500 index maintained a marginal 0.1% increase, hovering near its recent record high set just…
In a surprising turn of events, the average rate on the popular 30-year fixed mortgage has soared past the 7% mark, reaching 7.04% on Monday for the first time since December, as reported by Mortgage News Daily. This significant increase follows a…
Federal Reserve Chair Jerome Powell’s recent announcement dismissing hopes for a March interest rate cut has reinforced Wall Street’s optimism regarding the stock market. Powell’s observations regarding the economy align with what many bullish investors have been highlighting for months, setting the…
In a recent shift, the demand for mortgages has decreased after weeks of steady increase, highlighting buyers’ challenges in an increasingly competitive housing market. The Mortgage Bankers Association’s seasonally adjusted index reveals a 7.2% decline in total mortgage application volume compared to…
The U.S. stock market found itself in a state of flux on Tuesday as it hovered around its record highs, responding to a mixed bag of earnings reports from key companies. The S&P 500 dipped slightly by 0.1% in morning trading, while…
As the Federal Reserve convenes for its two-day meeting, speculation is rife about the future direction of interest rates amidst an unexpectedly robust economic performance and a cooling inflation rate. The term “no landing” is gaining traction among economists, suggesting a scenario…
Wall Street is on the brink of securing its 12th winning week out of the last 13 as U.S. stocks continue to hold strong near record highs. In a morning trading session, the S&P 500 edged up by 0.1%, marking the fifth…
