US stocks fall as investors weigh looming risks to economic reopening | Markets Insider

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US stocks fall as investors weigh looming risks to economic reopening

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The two positive readings follow homebuilder sentiment was reported jumping in June at a record pace. New home sales and construction will likely increase in the coming months and solidify a remarkable bounce-back for the sector, Ian Shepherdson, chief economist at Pantheon Macroeconomics, said. "In short, the housing market is on track for the fastest and most complete recovery of any sector in the economy," he said.

Federal Reserve Chair Jerome Powell spoke to House lawmakers Wednesday afternoon, revealing plans to slowly shift the central bank's corporate-credit purchases from exchange-traded funds to individual bonds. The targeted purchases are"a better tool for supporting liquidity and market functioning," Powell said.

 

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