Here are five key things investors need to know to start the trading day.
Weekly mortgage refinance applications came back after soaring last week.dropped 0.33% to 17,816.94. Tuesday's losses snapped an eight-day win streak for the S&P 500 and the Nasdaq Composite. In fact, if the S&P 500 had finished Tuesday with a positive gain, it would have marked the index's longest winning streak since 2004. Investors will turn their attention to minutes from the Federal Reserve's July policy meeting that are due Wednesday.
5%, most borrowers who already own homes have rates well below 5%, as they fell below 3% in the first two years of the pandemic. That said, the 30-year fixed rate has fallen 32 basis points in the past four weeks and is 81 basis points lower than it was at the same time last year.. The automaker, through its premium GMC brand, is launching an electric Sierra pickup that it hopes will lead the way.
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