5 things to know before the stock market opens Friday

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Here are the most important news items that investors need to start their trading day.

. Borrowers have been eager to hear whether the program, which would cancel up to $20,000 in student debt for millions of Americans, will be allowed to stand. The highest court is weighing two challenges, one brought by six GOP-led states and another from the Job Creators Network Foundation, a conservative advocacy organization. On Thursday, the majority-conservative Supreme Court

admissions policies at Harvard University and the University of North Carolina, deeming the practice unconstitutional.Fort Worth Star-telegram | Getty Images It's a holder's housing market. With the 30-year fixed mortgage rate back above 7% as of Thursday, homeowners have little incentive to sell, which isNew listings were down 29% in the last week of June from the same period a year earlier, according to Realtor.com. In the last week, the number of homes for sale fell below year-ago inventory levels for the first time in more than a year. The dearth of inventory is fueling bidding wars and propping up prices.

 

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