June 27, 2024

Markets Now Thursday, June 27, 2024

The housing market is ‘stuck’ until at least 2026, Bank of America warns

Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices.
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Source: CNN Business

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Stocks rebound as CPI lands in line; long-end yields hover near 5% while oil cools

After four down sessions, U.S. equities firmed into the close as August CPI matched expectations, easing the week’s rate jitters sparked by hotter PPI and a spike in crude.

Stocks fall for a fourth day as oil tops $100 and yields jump

U.S. equities extended their slide, with the S&P 500, Dow, and Nasdaq finishing modestly lower as wholesale inflation stayed firm and Treasury yields leapt, while oil’s return to three digits kept price anxiety alive. Breadth was weak—materials led declines—though communication services and staples held up better than most.

Oil tops $100, yields climb, and stocks sag as markets refocus on inflation

A renewed surge in crude and a rebound in Treasury yields kept a lid on equities after the bell, with energy the lone bright spot while growth-heavy and rate‑sensitive corners lagged.

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