NEW YORK — Wall Street fell for a third straight day as rising yields in the bond market keep cranking up the pressure. The S&P 500 lost 0.8% Thursday, with August on track to be its worst month of the year by far. The Dow fell 290 points, or 0.8%, and the Nasdaq composite gave back 1.2%. Stocks broadly have retreated in August, in part because a swift rise in bond yields is forcing a reassessment of how much to pay for them.
NEW YORK — The average long-term U.S. mortgage rate jumped this week to its highest level in 20 years. That’s grim news for would-be homebuyers already facing high home prices caused a lack of supply. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan jumped to 7.09% from 6.96% last week. That’s the highest since April of 2002, when the average rate clocked in at 7.13%.
The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »