Mortgage rates are rising again amid election volatility

Mortgage rates rose for the sixth straight week after Treasury yields rose during the presidential election. According to data from Freddie Mac, the average 30-year fixed-rate mortgage rose to 6.79% through Wednesday, compared with 6.72% a week earlier. The average…

S&P 500 and Dow plunge for third day in a row

The Dow Jones Industrial Average fell 292 points, or 0.7%, for the third straight day, driven by high Treasury yields and persistently high interest rates. The S&P 500 and Nasdaq Composite also fell, falling 0.6% and 1%, respectively, all extending…

Stocks plunge, bonds rise as jobs data fuels uncertainty on Wall Street

Stocks close lower as markets prepare for Powell’s Jackson Hole speech

Chairman of the US Federal Reserve, Jerome Powell.Kent Nishimura/Getty Images Indices fell on Thursday as investors in Jackson Hole await comments from Fed Chairman Jerome Powell. Investors are eagerly awaiting indications of how drastic the cuts will be over the…

Stocks rise on average jobless claims: Market overview

(Bloomberg) — Stocks rose after the latest unemployment data showed that the labor market is cooling gradually rather than slowing rapidly due to the Federal Reserve’s increased interest rates. Most read by Bloomberg Ahead of Jerome Powell’s speech in Jackson…

Stocks rise as traders wait for Jackson Hole and payroll adjustment sets interest rate bets

Federal Reserve Governor Jerome Powell attends the Federal Reserve Bank of Kansas City’s annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming.Thomson Reuters Stocks closed higher on Wednesday as traders absorbed jobs data and awaited the start of the…

Stocks rise as data shows US economy holding up: Markets Wrap

(Bloomberg) — Stocks rose and bond prices tumbled as data on retail sales and the jobs market underscored the strength of the world’s largest economy and eased fears that the Federal Reserve might risk a deeper economic slowdown. Most read…