Mortgage rates slip, AI stocks in focus: Yahoo Finance

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The Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) are slipping as Wall Street reacts to the latest economic data. Initial jobless claims came in at...

) are slipping as Wall Street reacts to the latest economic data. Initial jobless claims came in at 238,000 for the week ending June 15, higher than economists’ expectations. On the housing front, the average rate for a 30-year fixed-rate mortgage fell to 6.87%, according to Freddie Mac. It’s the lowest level since early April. It comes after new housing starts and building permits fell more than expected in May.

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