Today: 5. Jul, 2024
The 30-year fixed-rate mortgage is a distinctly American phenomenon in the global housing market landscape, shaping how U.S. homebuyers finance their homes. According to Greg McBride, chief financial analyst at Bankrate, “The 30-year fixed-rate mortgage is a uniquely American construct,” highlighting its…
Wall Street experienced a day of mixed signals and fluctuating fortunes as stocks hovered near record levels, oil prices surged, and bond yields eased. The S&P 500, still within 0.3% of its all-time high set two years ago, remained virtually unchanged, while…
The financial markets experienced a rollercoaster ride in 2023, with numerous unexpected twists and turns challenging even the most seasoned investors. Despite facing obstacles like the Federal Reserve’s interest rate hikes, banking sector turmoil, concerns over the debt ceiling, and geopolitical tensions…
As the year 2024 unfolds, the financial markets present a mixed picture. On the opening trading day, stocks experienced a slight downturn, oil prices surged amid Middle Eastern tensions and bitcoin’s value ascended past the $45,000 mark. This dynamic shift follows a…
Asian stock markets experienced a significant surge, buoyed by a robust rally in the United States, which celebrated one of its finest days this year. This surge was sparked by an unexpectedly positive inflation report, which indicated a potential slowdown in the…
The market landscape is witnessing significant shifts as long-term Treasury yields reach levels not seen since the Great Recession, impacting various sectors of the economy, including the housing market and consumer loans. As 10-year Treasury yields flirt with 5% and mortgage rates…
Wall Street witnessed an upswing, with dwindling stresses from the oil and bond sectors contributing to the positive movement. By midday, the S&P 500 had ascended by 0.8%, despite wavering earlier. The Dow Jones Industrial Average increased by 188 points (0.6%), at…
Despite facing a year filled with daunting challenges such as surging inflation, rising interest rates, and even the unsettling specter of bank failures, the financial markets have demonstrated remarkable resilience. Notably, the S&P 500 has surged by approximately 16% year-to-date, while the…
Stocks have historically been favoured over less volatile investments, but their appeal seems to be waning, with one metric indicating it’s at its most fragile state in years, despite the stock market’s impressive performance this year. The S&P 500 index has seen…
Wall Street stocks experienced a downturn on Wednesday morning, perpetuating a slump in this holiday-shortened week. The S&P 500 dipped by 0.7%, with a marginally greater number of companies declining than advancing within the index. By 10:46 a.m. Eastern, the Dow Jones…
