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Stocks fell on Thursday, with the Dow marking its worst day of 2024, despite Nvidia seeing a $221 billion boost in its market cap on the day.
The $Dow Jones Industrial Average(.DJI.US$ ended 605 points lower, or down 1.5%. The $Nasdaq Composite Index(.IXIC.US$ lost 0.4%, and the $S&P 500 Index(.SPX.US$ was down 0.27%.
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US jobless claims fell to 215,000 in the week ended May 18. With a similar drop in the week before...
The $Dow Jones Industrial Average(.DJI.US$ ended 605 points lower, or down 1.5%. The $Nasdaq Composite Index(.IXIC.US$ lost 0.4%, and the $S&P 500 Index(.SPX.US$ was down 0.27%.
MACRO
US jobless claims fell to 215,000 in the week ended May 18. With a similar drop in the week before...
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With the rapid rate hikes by the Federal Reserve, the US 30-year mortgage rate once surged past 7.1% in October last year. In 2023, the Fed continued to raise rates to combat inflation, causing mortgage rates to rapidly climb after experiencing a slight drop at the beginning of the year. In the week ended Aug. 11, the contract rate on a 30-year fixed mortgage has rebounded significantly by 98 ...
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