HELOC rates have been slowly falling all year. The average home equity line of credit interest rate is 7.75%, according to the analytics company Curinos. With the Federal Reserve poised to lower rates again in the coming week, HELOC rates may drop further. According to Curinos data, the average weekly HELOC rate is 7.75%, its…
Stocks and the price of gold fell Wednesday, as momentum on Wall Street reverses. The Standard & Poor’s 500 index sank 0.5%, though it’s still within 1% of its all-time high set this month. The Dow Jones industrial average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite…
Gold suffered its biggest one-day loss since the start of the Covid pandemic, only a day after setting a record high (DAVID GRAY) Most stock markets extended gains Tuesday on further signs that China-US trade tensions were easing and as investors looked to corporate earnings. Tokyo hit another record as Japan swore in new prime…
The Asian stock market was on track for strong weekly gains on Friday, supported by growing expectations of near-term Federal Reserve rate cuts, which helped offset concerns over a U.S. government shutdown. Despite its impact, including the suspension of scientific research, financial oversight and delays in key economic releases such as Friday’s jobs report, investors…
Stock indexes slipped on Tuesday as Wall Street took a pause from its relentless rally. The Standard & Poor’s 500 dipped 0.6%. The Dow Jones industrial average dropped 88 points, or 0.2%, and the Nasdaq composite sank 0.9%. It’s the first pullback for the indexes after the trio set all-time highs in each of the…
Asian markets were mixed Friday at the end of a strong week for investors following a US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping due later in the day. Adding to selling pressure were expectations that Japan’s central bank would hike interest rates later this year,…
By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. Federal Reserve restarts interest rate cuts, housing shares are one of the areas of the stock market that may benefit, and they have perked up in recent weeks as markets priced in more monetary easing. On Wednesday, the U.S. central bank lowered its benchmark rate…
Economists at Canada’s banks have locked in their forecasts for today’s BoC rate decision. Many say Tuesday’s Consumer Price Index (CPI) reading from Statistics Canada did not move the needle on their prediction. “We continue to think the Bank of Canada’s decision tomorrow will be a close call between a 25 basis point cut to…
“ US stock futures crept down as traders awaited the conclusion of the Federal Reserve’s two-day policy meeting, which is widely expected to to feature the first interest rate cut of 2025. “ Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all slipped…
NEW YORK — U.S. stocks edged back from their record heights Tuesday as the countdown ticked toward what Wall Street expects will be the first cut of the year to interest rates by the Federal Reserve. The Standard & Poor’s 500 index fell 0.1% from its latest all-time high. The Dow Jones industrial average dropped 0.3%, while…