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Fed's Powell Seems to Lean Toward Rate Pause; High Rates Squeezing U.S. Housing Market

Fed s Powell Seems to Lean Toward Rate Pause; High Rates Squeezing U.S. Housing Market By James Christie

Good day. Federal Reserve Chair Jerome Powell said on Thursday that the upswing in. ....

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US Stocks end higher


The US stocks gained on Wednesday, 30 December 2020, with all three indexes the S&P 500 index, the Dow Jones Industrial Average, and the technology-heavy Nasdaq Composite closing higher, as recent signing of a coronavirus aid bill and rollout of vaccines have bolstered expectations that the economy will quickly rebound from the pandemic.
At the close of trade, the Dow Jones Industrial Average index added 73.89 points, or 0.24%, to 30,409.56. The S&P 500 index was up 5 points, or 0.13%, to 3,732.04. The tech-heavy Nasdaq Composite Index rose 19.78 points, or 0.15%, to 12,870.
Investors have pushed stocks to sky-high valuations this year on expectations that widespread vaccine distribution in 2021 will reignite economic growth and boost corporate profits. Investors also cheered the news of U. ....

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*U.S. Pending Home Sales Slide 2.6% In November


U.S. Pending Home Sales Slide 2.6% In November
U.S. Pending Home Sales Slide 2.6% In November
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