Stock Market News Today, 8/22/23 – Stocks Fall as Existing Home Sales Miss Estimates - TipRanks.com

Stock indices are in the red as existing home sales in the US for July fell below expectations, indicating ongoing difficulties in homeownership, while major retailers' earnings and concerns over persistent inflation are also impacting the market.

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8/17/2023

Stock Market News, August 17, 2023: Indexes End Lower, Led by Nasdaq, as Key Treasury Yields Keep Rising

Stocks finished lower for a third day due to higher yields, with all three major U.S. indexes ending in the red.

9/1/2023

The housing shortage is getting worse

The number of homes for sale in the US continued to decline in August, down by 9.2% compared to the previous year and 45% below pre-pandemic levels, leading to higher home prices and affordability concerns.

9/12/2023

Stocks Slide as Tech Drags Market Lower Ahead of Key Inflation Data

Stock indices closed in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector underperformed and the energy sector led the session. The U.S. 10-Year Treasury yield dropped, while the Two-Year Treasury yield increased. The Small Business Optimism Index for August decreased, with inflation cited as a major concern among small business owners. Stocks opened lower on Tuesday, and U.S. futures trended lower as well. This week's focus will be on the Consumer Price Index and Producer Price Index data, which could impact the Federal Reserve's decision on rate hikes. Oracle's stock fell after missing sales estimates, while Casey's General and Tesla saw gains. JPMorgan's CEO criticized new Basel III regulations, and European indices traded in the green. In Asia-Pacific, markets ended mixed as traders await U.S. inflation data.

9/19/2023

Stocks Slide as Economic Uncertainties Weigh on Markets Ahead of Fed Meeting

Stock indices are in the red as oil prices continue to rise, with Chevron's CEO predicting prices could reach $100 per barrel due to reduced US shale oil output and OPEC's supply cuts, while the US Federal Reserve is holding off on easing liquidity until there is a significant reduction in wages to counterbalance a current yearly wage increase of 4.3% and maintain a 2% inflation rate.

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Posted 8/22/2023, 1:30:00 PM