• US stocks mixed with S&P 500 hitting a new low in 2022 as Fed officials defend hawkish policy

    2 monthes ago - By Business Insider

    Drew Angerer/Getty Images US stocks ended mixed on Tuesday with the S&P 500 falling to a new 2022 low intraday as Fed officials defended their hawkish stance. Tuesday's decline marked the sixth consecutive fall for the the S&P 500 and Dow Jones Industrial Average. Fed President Neel Kashkari said the central bank's current pace of hiking interest rates to tame inflation is "appropriate." US stocks closed mixed on Tuesday, with the S&P 500 hitting a new 2022 low intraday as the broad index and the Dow Jones Industrial Average fell for a sixth day in a row. During the trading session, the...
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  • S&P 500 Hits 2022 Low, Markets Dip For 6th Straight Day

    2 monthes ago - By Forbes

    The S&P 500 closed at its lowest level in 22 months.
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  • Atlanta home price appreciation cool amid housing market's 'forceful deceleration'

    Atlanta home price appreciation cool amid housing market's 'forceful deceleration'

    2 monthes ago - By Biz Journals

    Prices are cooling, but they remain much higher than a year ago.
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  • Lumber prices fall to a new 2022 low as housing market cools and mortgage rates approach 7%

    2 monthes ago - By Business Insider

    Thomas Northcut/Getty Images Lumber fell 20% over a four-day period ending on Monday, hitting its lowest level of 2022. The essential building commodity has been rocked by soaring mortgage rates and a slowing housing market. The average 30-year fixed mortgage rate inched closer to 7%, according to Mortgage News Daily. Surging mortgage rates and a slow down in the housing market continue to take a toll on lumber prices , with the essential building commodity hitting a new 2022 low on Monday. Lumber futures hit a low of $413 per thousand board feet on Monday, representing a year-to-date...
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