A 7% mortgage rate might soon be a hurdle that homebuyers would rather not face. Freddie Mac reports that the average 30-year fixed mortgage rate rose to 6.95% from 6.76% last week, drawing closer to that threshold. This is the biggest one-week spike in mortgage rates seen in the last sixteen months, and it comes Read More
Nasdaq futures indicated a decline at the opening on Tuesday, as the 10-year Treasury yield reached its peak in 19 years, while crude oil prices continued to rise in the context of intensifying conflict in the Middle East. Futures for the Dow Jones Industrial Average, Nasdaq 100, and S&P 500 indicated declines of 0.4%, 0.3%, Read More
Stock futures declined on Wednesday, following a third consecutive session of losses for major equities indexes, as bond yields continued to rise in the context of elevated oil prices. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated declines of 0.6%, 0.3%, and 0.2%, respectively, in the latest trading session. Yesterday, Read More
Stock futures are relatively stable this morning following the S&P 500’s record high close on Friday, as investors brace for a week filled with significant economic data and earnings reports. Futures associated with the S&P 500 and the technology-focused Nasdaq experienced a modest increase of 0.1%, whereas futures for the Dow Jones Industrial Average saw Read More
Futures on stocks indicated a downward trajectory on Tuesday, following a decline in the Nasdaq Composite and S&P 500 at the week’s outset, driven by a sell-off in technology shares. Meanwhile, the 10-year Treasury yield reached its peak intraday level since the beginning of the previous year. Futures for the Nasdaq 100, S&P 500, and Read More
Futures for stocks indicated a downward trend at the start of a week filled with earnings reports, while oil prices experienced an uptick following a warning from President Donald Trump directed at Iran. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 experienced declines of 0.7%, 0.4%, and 0.3%, respectively, in the Read More
The U.S. economy experienced an addition of approximately 178,000 jobs in March, marking a recovery from the unexpectedly significant job losses recorded in February, as indicated by data released on Friday morning. The gains in March were approximately threefold compared to economists’ expectations. The unemployment rate decreased to 4.3%. Overall, the report signals a positive Read More
Nasdaq futures indicated a downward trajectory on Wednesday in anticipation of forthcoming bank earnings reports and an inflation reading, while safe-haven gold and silver futures reached new record highs. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average experienced declines of 0.6%, 0.4%, and 0.3%, respectively. Major stock indexes concluded the day Read More
