Stock Market Overview
Thu, Apr 18th, 2024
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Solid US Economic News and Strong Earnings Boost Stocks
Barchart - 1 hour ago
The S&P 500 Index ($SPX) (SPY) this morning is up +0.46%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.71%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.31%.Â
US stock indexes this morning are moderately higher. Stocks are finding support on today’s mostly better-than-expected US economic reports that showed economic strength, bolstering the prospects for a soft landing. Also, today's better-than-expected quarterly earnings from Elevance Health and DR Horton boosted health insurance stocks and homebuilders, respectively.Â
On the negative side for stocks is weakness in chip stocks for a second session. Stocks are also being undercut by rising T-note yields and hawkish comments from NY Fed President Williams.Â
Geopolitical risks in the Middle East continue to be a negative factor for stocks on concern Israel will retaliate after Iran fired a barrage of missiles and drones into Israel this past weekend.
US weekly initial unemployment claims were... Read more
Average long-term US mortgage rate climbs above 7% to highest level since late November
AP - 36 minutes ago
Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months
U.S. Housing Market Struggles Continue with Sales Drop and Price Increases
Quiver Quantitative, Inc. - 37 minutes ago
The U.S. housing market encountered another dip in March as heightened interest rates and escalating home prices deterred potential buyers, illustrating the ongoing challenge of affordability in the residential...
Volatility Funds Could Accelerate Stock Market Sell-Off Amid Rising Uncertainty
Quiver Quantitative, Inc. - 54 minutes ago
The U.S. stock market is witnessing heightened volatility, setting the stage for volatility-linked investment strategies to potentially amplify the ongoing sell-off. The S&P 500 has receded from its peak...
Genuine Parts (GPC) Shares Skyrocket, What You Need To Know
StockStory - 1 hour ago
Genuine Parts (GPC) Shares Skyrocket, What You Need To Know
Why Is Duolingo (DUOL) Stock Soaring Today
StockStory - 1 hour ago
Why Is Duolingo (DUOL) Stock Soaring Today
Grain Markets: Will Soybean, Corn, and Wheat Prices Rebound Anytime Soon?
Barchart - 1 hour ago
I joined Michelle Rook on Agweb's Markets Now earlier today to discuss the soybean, corn, and wheat markets. We also chatted about the U.S. dollar, oil, the stock market, and cattle prices.
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