Delinquencies spiked in May on mortgage bonds tied to offices. Vacancy rates on office space across the U.S. has hit a record +16%.
LA is at +30% vacancy for downtown office space.
Yikes.
Companies Reporting Before The Bell
• Hello Gr (NASDAQ:MOMO) is estimated to report quarterly earnings at $0.27 per share on revenue of $380.12 million.
Companies Reporting Before The Bell
• CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.32 per share on revenue of $5.08 billion.
- Level of Refinancing demonstrates the resilience of Renew's funding engine
- Most of the pending dollar bond maturities are now slated for FY2027 and beyond
ReNew Energy Global Plc ("ReNew" or
U.S. stocks pared some losses toward the end of trading, with the Dow Jones and S&P 500 turning higher on Friday.
The Dow traded up 0.16% to 32,156.53 while the NASDAQ fell 0.16% to 11,768.17. The S&P 500, also rose, gaining, 0.21% to 3,956.84.
U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 80 points on Friday.
The Dow traded down 0.26% to 32,021.81 while the NASDAQ fell 0.41% to 11,739.58. The S&P 500, also fell, dropping, 0.23% to 3,939.65.