Wednesday, August 31, 2022

Don't expect home prices to come crashing down anytime soon

Rising mortgage rates are taking a toll on the US housing market. But those hoping for prices to drop probably won't catch a break anytime soon.
CNN Business: Markets Now
 
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Don't expect home prices to come crashing down anytime soon
Rising mortgage rates are taking a toll on the US housing market. But those hoping for prices to drop probably won't catch a break anytime soon. Read more »
 
Russia cuts more gas supplies to Europe as inflation hits another record
Russia has temporarily halted natural gas deliveries to Europe through a vital pipeline and cut off all supplies to a French utility, deepening an energy crisis that has sent inflation in the region to a record high of 9%. Read more »
 
Snapchat to lay off more than 1,200 staffers, or 20% of global headcount
Snap Inc., the parent company of the popular app Snapchat, announced plans to lay off some 20% of its more than 6,400 global employees. Read more »
 
Bed Bath & Beyond is laying off 20% of its staff and closing stores
Bed Bath & Beyond's stock tumbled in early trading after it announced layoffs, store closures and fresh financing plans as it tries to reverse its business' decline. Read more »
 
No sagging spirits for Jack Daniel's maker
The bourbon boom is showing no signs of ending anytime soon: Wall Street is still wild about whiskey. Jack Daniel's owner Brown-Forman reported quarterly results Wednesday morning that easily topped analysts' forecasts. Read more »
 
Private sector job growth slows to just 132,000 positions added in August, new ADP report shows
The private sector added 132,000 jobs in August, an indication that the white-hot pace of hiring could be slowing after months of strong job growth. Read more »
 
 
 
 
Dow Nasdaq S&P
-280.44   -66.93   -31.16
31,510.43   11,816.20   3,955.00
-0.88%   -0.56%   -0.78%
YTD -13.29%   YTD -24.47%   YTD -17.02%
 
Biggest Winners
Las Vegas Sands Corp +2.67%
 
Baxter International Inc +1.74%
 
Coterra Energy Inc +1.68%
 
Teleflex Inc +1.46%
Biggest Losers
PVH Corp -10.49%
 
HP Inc -7.68%
 
Mosaic Co -5.81%
 
Best Buy Co Inc -5.61%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $88.80 -2.84 / -3.10%
Gold $1,721.90 -14.40 / -0.83%
10-yr 3.13% +0.02
Euro $1.01 +0.00 / +0.29%
More Markets Now
 
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