Today: 18. Dec, 2024
In a surprising turn of events, the demand for mortgages has dropped to its lowest point since 1996, primarily driven by the steep rise in interest rates. As they edge closer to the 8% mark, potential homebuyers and current homeowners looking to…
July usually witnesses a spike in home purchases; however, the uptick in interest rates is starting to show its effects. In July, the tally for mortgage approvals slumped to a five-month trough, spotlighting the mounting influence of increased borrowing expenses on the…
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…
Investors are in a heightened state of unease. The Fear and Greed Index from CNN, which monitors seven market sentiment indicators in the US, slid into a zone of “profound apprehension” this past Thursday. This sentiment hasn’t been seen since last March…
Halifax reports a 4.6% decrease in house prices as elevated interest rates curb the enthusiasm of potential buyers. The UK housing market has witnessed its most significant yearly decline in 14 years, attributed to the summer’s seasonal downturn and the burden of…
For years, lacklustre cash returns left aging baby boomers with little option but to veer toward riskier stock investments as they neared retirement. However, the Federal Reserve’s recent decision to hike its benchmark interest rate has begun to change the landscape. Cash-based…
After enduring a difficult period, Wall Street saw a modest uptick on Friday, though it still marks the third consecutive week of losses. Midday trading showed the S&P 500 increasing by 0.5%, partially recovering from a significant decline spurred by investor concerns…
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…
Wall Street stocks demonstrated limited movement on Wednesday as investors anticipate the Federal Reserve’s upcoming projections on interest rate trends. The S&P 500 rose slightly by 0.2% during the morning trade, marking a rather subdued week as the market adopted a cautious…
Wall Street showed mixed signals on Monday as the rise in oil prices continued, intensifying concerns about inflation. In the afternoon, the S&P 500 experienced a slight increase of 0.2% after its consecutive losses over the last two weeks. The Dow Jones…
