Biden To Sign Executive Order To Limit Asylum Seekers Crossing US-Mexico Border: Report
A Biden executive order comes after GOP Senators killed a bipartisan immigration bill earlier this year at the behest of Trump.
Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook
Dow Jones closes 0.1% lower; S&P 500 & Nasdaq 100 fall 0.2%; Mixed data on inflation, jobless claims and housing.
Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What’s Driving Markets Wednesday?
The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets.
April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market
Performance in April 2024: Utilities lead, real estate lags. S&P 500, Nasdaq 100, Dow Jones Industrial Average, small-cap and large-cap indices all decline.
Why Homebuilder PulteGroup Shares Are Higher Today
PulteGroup (PHM) reported Q1 FY24 results, with revenue at $3.95B, beating expectations. Home sale revenue rose 10% and gross margin increased by 50bps. Net new orders increased 14% and EPS rose 32%.
Why Builder D.R. Horton Shares Are Surging Today
D.R. Horton, Inc. reported Q2 FY24 earnings above estimates with sales and orders increasing. Company updates revenue outlook and declares dividend.
Cash Homebuyers Beware: The Anti-Money Laundering Feds Are Watching You
Cash sales of residential property were on the increase, and regulators warn that money laundering through real estate can hurt home prices.
Mortgage Rates Fall: But Could Fed Pushback On March Rate Cut Dent Homeowner Hopes?
Mortgage rates are highly influenced by the Federal Reserve's decisions, and Powell made it clear that March won't bring enough confidence.
Mortgage Rates Soar, Cash Buyers Score: The New Homebuying Playbook
Rising mortgage rates in 2023 led to 28-year low in US home loan applications. Cash sales became popular as mortgage rates rose to 6.69%.
Wall Street Slips As Rate-Cut Hopes Diminish With Inflation, Bitcoin Remains Unmoved By ETF Debut: What’s Driving Markets Thursday?
It’s a bearish Thursday on Wall Street, with stocks relinquishing their gains due to unexpectedly high inflation numbers for December, causing some turbulence in market expectations regarding earlier Federal Reserve rate cuts.<