Stocks rally on jobless claims data, mortgage rates tumble: Yahoo Finance

All three of the major indexes are on the rise after initial claims data gave investors hope the economy wasn’t cooling as much as feared. For the week ending August 3, there were 233,000 initial jobless claims filed. That’s down from 250,000 the prior week and less than the 240,000 economists had been expecting. There is good news for prospective homebuyers. The average rate for a 30-year fixed rate mortgage has fallen to 6.47% from 6.73% the prior week, according to Freddie Mac data.

NEW YORK, August 08, 2024--KBRA assigns a long-term rating of BBB+ to the Casino Reinvestment Development Authority Luxury Tax Revenue Bonds, Series 2024A and Luxury Tax Revenue Bonds, Series 2024B. KBRA additionally affirms the long-term rating of BBB+ for the Authority's outstanding Luxury Tax Revenue Bonds. The rating Outlook is Stable.Robinhood completed two major acquisitions in June: crypto exchange Bitstamp and AI-powered investment platform Pluto.

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