SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Economy · News reference
Trump cites a Fed paper to blame Biden for a 30% housing price surge. We deconstruct the data and real estate impact.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Brent climbed after new U.S.-Iran strikes, pushing the 10-year yield to a 19-month high; Edison and PG&E collapsed on a wildfire bill.
U.S. new-home sales plunged 10.5% in July as mortgage rates neared 7%. Here’s what weakening housing demand means for XHB, ITB and other ETFs.
Long-end Treasury yields snapped back toward 20-month highs; Walmart posted its worst session in four years.
Investors are still buying REIT ETFs like VNQ and SCHH despite the rising fears that the Federal Reserve will hike interest rates.
A second straight cool inflation print sent the S&P 500 above 7,800 for the first time as chipmakers surged.