Tag Archives: drop

Mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates. The drop follows a sharp decline in the yield on the 10-year Treasury last week after a government showed inflation cooled last month. The sudden decrease gave price-strained homebuyers and sellers… Source link

House construction in the U.S. declined in October more than expected, while the number of permits for single-family homes tumbled, another sign of growing reluctance among home builders to increase inventory as many buyers are pushed out of the market. Residential starts — including both single- and multi-family units — decreased 4.2% last month to a 1.425 million annualized rate, according to government data released Thursday. Economists surveyed by Bloomberg had forecast a 2.0%… Source link

Google’s John Mueller responded to a Reddit SEO discussion where a search console warning about mobile usability was soon after followed by a rankings drop in a medical related website. The timing of the drop in rankings happening soon after search console issued a warning about mobile usability issues made the two events appear to be related. The person despaired because they fixed the problem, validated the fix through Google search console but the rankings changes haven’t… Source link

(Bloomberg) — US stocks swung between gains and losses as investors parsed fresh economic data and disappointing earnings while mulling the Federal Reserve’s path after the Bank of Canada announced a smaller-than-expected rate hike. Most Read from Bloomberg The S&P 500 struggled for direction. The tech-heavy Nasdaq 100 pared losses that topped 2%. Treasuries rallied after data showed the US merchandise-trade deficit widening. Sales of new US homes fell in September, another indication that… Source link

Even Alphabet, the parent company of Google and one of the internet’s most entrenched businesses, was not immune to the punishing blows of the global economy and a sharp slowdown in the online advertising that is essential to the company’s profits. Alphabet on Tuesday reported a net profit of $13.9 billion in the third quarter, down 27 percent from a year earlier, while revenue climbed 6 percent to $69.1 billion. The earnings fell short of analysts’ estimates of $16.9 billion in profit… Source link

U.S. stocks continued a streak of choppy trading to start Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. The major indices wavered to start the session, then steadily climbed throughout the morning. The S&P 500 (^GSPC) was up about 1%, while the Dow Jones Industrial Average (^DJI) moved up 350 points, or 1.2%. The technology-heavy Nasdaq Composite (^IXIC) was up 1.3%. Meanwhile, Treasury yields… Source link

(Bloomberg) — Asian equities opened lower and major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress. Most Read from Bloomberg Stocks dropped in Japan, Australia and South Korea while futures for Hong Kong fell. Contracts for the S&P 500 and Nasdaq 100 rose after tumbling Friday, when Treasury yields climbed as year-ahead inflation expectations increased…. Source link

(Bloomberg) — JPMorgan Chase & Co.’s boss Jamie Dimon says the US stock market could suffer another “easy 20%” drop, which would push the benchmark index below 3,000 — a level it hasn’t seen since the depths of the coronavirus pandemic. Most Read from Bloomberg So what would another slide of that magnitude actually look like and which stocks would get hit hardest? For one thing, it would be painful for investors, with technology and so-called growth shares likely taking the brunt of… Source link

Phil Mickelson was one of 11 golfers who sued the PGA Tour for antitrust violations back in August. Before the most recent LIV Golf event at Rich Harvest Farms outside of Chicago, however, the 45-time PGA Tour winner hinted that he might be leaving the suit. “Now that LIV (Golf) is involved, it’s not necessary for me to be involved,’’ Mickelson said on September 16. “The only reason for me to stay in is (monetary) damages, which I don’t really want or need anything. I do think… Source link

By Noel Randewich (Reuters) – S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx withdrew its financial forecast and added to worries about a slowing global economy. After trading resumed following a daily maintenance period, S&P 500 e-mini futures fell 0.6%. Nasdaq futures dropped 0.7%. FedEx tumbled 16% late in the day after the company said its fiscal first-quarter results were hit by global volume softness and it withdrew… Source link