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Stocks retreat from record highs to end August
Wall Street closed August with gains despite a pullback from record highs. Tech losses weighed as traders eyed inflation and Fed rate cut signals.
Mortgage rates dip to 10-month low at 6.56%
The average 30-year mortgage rate slipped to 6.56%, its lowest in 10 months, easing borrowing costs but leaving U.S. home sales sluggish.
Powell weighs rate cuts as Fed faces pressure from Trump
Fed Chair Jerome Powell signals possible September rate cuts while navigating Trump’s pressure and reaffirming the central bank’s independence.
Wall Street slips as investors await Fed rate cut decision
Stocks fell on Wall Street after last week’s rally, with investors eyeing a possible Fed rate cut in September and upcoming earnings from Nvidia and retailers.
30-year mortgage rate steady at 10-month low of 6.58%
The average 30-year mortgage rate held at 6.58%, its lowest level in nearly 10 months, offering hope for homebuyers despite ongoing housing market challenges.
Wall Street steady near record highs ahead of Fed update
Wall Street held near record highs as investors await Fed Chair Powell’s update and major retailer earnings, with stocks moving little on Monday.
Big Tech gains offset Wall Street losses after inflation data
Most U.S. stocks fell after hotter-than-expected wholesale inflation, but gains in Big Tech, led by Amazon, kept Wall Street near record highs.
Mortgage rates fall to lowest level since October
U.S. 30-year mortgage rates fell to 6.58%, the lowest since October, sparking a jump in refinancing and offering buyers more purchasing power.
Wall Street edges higher as Fed rate cut hopes grow
U.S. stocks rose as investors bet on a September Fed rate cut, lifting homebuilders, retailers and global markets following upbeat inflation data.
US stocks fall as weak services data fuels tariff worries
US stocks slipped after weak services data raised concerns about tariffs, though AI gains and hopes for Fed rate cuts kept losses in check.
US job growth slows as Trump tariffs hit economy
U.S. job growth slowed sharply as Trump’s tariffs and trade policies disrupted hiring, pushed unemployment higher, and fueled recession concerns.
Health care stocks drag Wall Street lower
Wall Street falls as health care stocks sink on White House price cut push, offsetting big tech gains. Inflation and tariffs add to market pressure.
