Tag Archives: week

Mortgage rates fall a third week in a row as housing market tilts in homebuyers’ favor Mortgage rates fell again this week amid relentless inflation and persistent doubt around the health of the U.S. economy. The rate drop — the third in as many weeks — was slight but still meaningful given rising home prices and generally higher borrowing costs. America’s most popular home loan — the 30-year fixed mortgage — is still significantly more expensive than it was last year. That’s… Source link

A bounce in U.S. stocks last week snapped a seven-week losing streak for the S&P 500 and Nasdaq, while the Dow logged gains for the first time in eight weeks. These gains ended the longest weekly losing streak in over a decade for the S&P 500 after the index tip-toed into bear market territory. All three major indexes logged weekly gains of at least 5%, buoyed by a batch of upbeat economic data and more positively received earnings reports from the retail sector. The S&P 500 has snapped a… Source link

The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook. For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world’s top leaders face the most uncertain… Source link

Elon Musk has finally come out, politically. He used to vote for Democrats, but henceforth can only vote for Republicans. The Tesla CEO and President Biden ought to be natural allies. Biden has an ambitious green-energy agenda, including the mass electrification of automobiles. Musk leads the world’s most prominent electric vehicle company. They’re rowing in the same direction and ought to be in the same boat. Instead, they’re splashing each other like 12-year-olds. Biden has miffed Musk… Source link

The retail sector will be in focus this week after a string of wild trading sessions on Wall Street. Quarterly financials from megastore Walmart (WMT) and other consumer giants are in the queue, in addition to April’s retail sales report scheduled for release Tuesday. Investors will tune in for additional remarks from Federal Reserve officials, including Chair Jerome Powell in the week ahead, as inflation continues to run hot across the U.S. economy. Friday capped the sixth straight down… Source link

If you’re looking for some NFL drama in the 2022 season, circle Nov. 13 on your calendar. That’s when Mike McCarthy, former Green Bay Packers head coach and current Dallas Cowboys head coach, will face his former quarterback Aaron Rodgers for the first time. Cowboys at Packers in Week 10 is the latest scheduling appetizer released by the NFL, just one day before they’re set to announce the full 2022 schedule. In the ramp up to that announcement, the NFL has released its full international… Source link

This week, investors will be faced with fresh data on the state of inflation, as the Federal Reserve hastens to bring down fast-rising prices. Quarterly earnings season will also continue, with a bevy of closely watched stock index components reporting results. The Bureau of Labor Statistics’ April Consumer Price Index (CPI), due out Wednesday, will be one of the most closely watched economic reports this week. The headline index is expected to decelerate on both a month-over-month and… Source link

The job market is still hot, but other markets are not. Stocks staged spastic swings this week, soaring on May 4 amid optimism about interest rates, then plunging as investors remembered there’s an array of other risks. The S&P 500 index is down nearly 14% in 2022, while the tech-heavy Nasdaq is down 22%. It’s turning into a lousy year for stocks. Mortgage rates have surged to 5.3%, an increase of two-and-a-half points in just 8 months. They’re now at the highest levels since 2010. This… Source link

After a brutal month for equity investors in April, May is kicking off with a host of major market events that could further stoke volatility across risk assets. One of the focal points this week will be the Federal Reserve’s May monetary policy meeting, which will take place Tuesday and Wednesday. Market participants expect at the conclusion of this meeting, central bank officials will opt to raise interest rates by 50 basis points, representing the first hike of more than 25 basis points… Source link

(Bloomberg) — U.S. stocks rose as dip-buyers emerged ahead of a busy week for Big Tech earnings. Most Read from Bloomberg The S&P 500 gained in a choppy afternoon session, while the tech-heavy Nasdaq 100 climbed more than 1%. Twitter Inc. extended gains after billionaire entrepreneur Elon Musk agreed to buy the social networking platform. Alphabet Inc., Apple Inc., Amazon.com Inc. and Meta Platforms Inc. are all due to report. “This week may easily be a fork in the road of equities,” JC… Source link