TODAYS STOCK MARKET NUMBERS UPDATE
Top Stock Market News For Today JRivian Stock Jumps Following Latest Quarterly Production Update This comes amid signs of a slowdown in the housing market, with prices remaining high and supply being tight.
Rates fell 10 basis points last week but total mortgage demand has dropped 5.4% from one week ago, according to data from the Mortgage Bankers Association. Among the proposals would include an easier path to loan forgiveness for public servants and new limits on the accrual of interest.įurthermore, demand for mortgages also fell week-over-week despite rates declining slightly. Today, the Biden administration announced that it was making sweeping changes to the federal student loan system. This is usually considered a sign that a recession will happen soon or is already underway. Notably, the yield on the 2-year Treasury jumped higher than the 10-year yield. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust ( NASDAQ: QQQ) is up by 0.21% while the SPDR S&P 500 ETF ( NYSEARCA: SPY) is also up by 0.12%. Treasury Yields Steadies At 2.82% Mortgage Demand Slidesįollowing the stock market opening on Wednesday, the S&P 500, Dow, and Nasdaq are trading higher at 0.14%, 0.16%, and 0.17%. Chinese EV leaders like Nio ( NYSE: NIO) and Xpeng Motors ( NYSE: XPEV) are trading lower now. Lucid Group ( NASDAQ: LCID) is trading higher by 4.64% today. Rival EV companies like Rivian ( NASDAQ: RIVN) are up by 10.50%. Shares of EV leader Tesla ( NASDAQ: TSLA) are down by 1.25% on Wednesday. Among the Dow financial leaders, Visa ( NYSE: V) is down by 0.49% while JPMorgan Chase ( NYSE: JPM) is also down by 0.83% Meanwhile, Disney ( NYSE: DIS) and Nike ( NYSE: NKE) are trading lower on Wednesday. Kornit Digital ( NASDAQ: KRNT) is down by over 30% after slashing its current-quarter guidance by almost half.Īmong the Dow Jones leaders, shares of Apple ( NASDAQ: AAPL) are up by 0.78% today while Microsoft ( NASDAQ: MSFT) is also up by 0.70%. Coinbase ( NASDAQ: COIN) was downgraded to a ‘Neutral’ rating by Atlantic Equities. Juul can now keep its products in the market as it appeals the FDA ban. Altria has a 35% stake in the e-cigarette company. Shares of Altria ( NYSE: MO) are up today after the FDA temporarily suspended its ban on Juul e-cigarette products. They cite a lack of confidence in his leadership following multiple scandals. Prime Minister Boris Johnson is facing a political crisis as key members in his government including the finance minister and health secretary have resigned. ET and could provide insight into the central bank’s strategy to raise rates in its fight against inflation. The minutes will be released at around 2:00 p.m. On Wednesday, the Dow Jones Industrial Average is up by over 40 points as investors eagerly await for the Fed to release its minutes from its June policy-setting meeting.
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