Investors favor ‘anything but bonds’ as Treasuries struggle - BofAf
MSN·- Investors increasingly favored assets outside bonds due to elevated Treasury yields weighing on long-duration government debt. - This trend reinforced Bank of America’s "Anything But Bonds" investment thesis. - The strategy remained a core asset-allocation conviction for the 2020s alongside other global allocations.US Stocks Edge Lower; Monday.Com Shares Tumble After Q2 Results
benzinga_article·- U.S. stocks traded mostly lower on Monday, with the Dow Jones index falling approximately 0.2% and energy shares jumping 1.9%. - Monday.Com shares dropped about 10% after reporting Q2 financial results and issuing weak Q3 sales guidance. - Socket Mobile shares surged 576% following the announcement of a North America distribution agreement with 3Eye Technologies.Mortgage rates in US rise to 6.66%, highest level in a year
Businesstimes News·- US mortgage rates rose to a 12-month high of 6.66% due to climbing Treasury yields and persistent inflation concerns driven by ongoing conflict involving Iran. - The high borrowing costs have suppressed the housing market, leading to a sluggish spring sales season and lower pending home listings. - Meanwhile, the market divergence intensified as luxury home sales grew while entry-level sales dropped amid affordability challenges.S&P 500 Top Stock Gainers Today, 8/6/26
Tip Ranks·- The S&P 500 closed lower on Thursday amidst a continued market sell-off following a recent rally. - The energy sector outperformed as Brent crude rebounded nearly 4 % driven by geopolitical uncertainty surrounding the Strait of Hormuz. - The real estate sector suffered the steepest declines after Freddie Mac reported that 30-year mortgage rates rose for a fifth consecutive week to 6.69 %.Home prices advance more than expected in May: S&P Cotality Case-Shiller HPI
MSN·- The S&P Cotality Case-Shiller Home Price Index for 20 cities in May increased by 0.2 % month over month on a seasonally adjusted basis, exceeding the consensus expectation of 0.0 %. - The unadjusted 20-city composite index rose by 0.9 % month over month and 1.6 % year over year, both coming in above consensus forecasts. - These housing market data releases indicate stronger-than-expected price growth across the tracked metropolitan areas.S&P 500 posts weekly gain as consumer discretionary shines
MSN·- Wall Street major market averages finished higher in a choppy session with the Dow rising 0.5 %, the S&P 500 gaining 0.7 %, and the Nasdaq Composite adding 1 %. - The S&P 500 advanced 1.05 % for the week driven by strong quarterly results from Amazon that boosted the consumer discretionary sector. - Market analysts highlighted these positive quarterly performances as a key driver for the weekly market gains.