Foreclosures | Mortgages | Financing
The recent low jobs report and the Brexit decision could cause economic uncertainty, however a recent report from Capital Economics shows there is nothing to fear. In fact, the economy is nearing full employment and GDP continues to increase. …read more
From:: Real Estate Wire
U.S. stocks are on track to book their worst two-day decline since late-August, when fears about China’s sluggish economy and its volatile stock market sent global equities reeling. On Monday, the Dow Jones Industrial Average was off 314 points, or 1.7%, to 17,097, the S&P 500 index lost 42 points, or 2.1% to 1,995 and the Nasdaq Composite Index was down 124 points, or 2.7%, at 4,582. The Dow’s fall added to a 610 plunge for the blue-chip gauge on Friday and marks its most severe two-day slide since Aug. 24, according to Dow Jones data. It is also the worst two-session slide for the Nasdaq Composite and S&P 500 since late August. The ugly stock slump follows Friday’s historic vote by the U.K. to quit the European Union, which has rattled global markets. Underscoring the intensity of the selloff, the Dow and the S&P 500 traded below their widely followed 200-day moving averages–a key technical threshold that implies that the stock-market benchmarks may have more room to tumble over the long term.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Intel Corp. may be considering a sale of its antivirus software maker formerly known as McAfee, according to a report in the Financial Times over the weekend, which cited people close to the discussions. Intel had completed the $7.7 acquisition of McAfee in February 2011. The potential sale may be included in the options Intel is considering for its cyber security unit Intel Security, according to the FT report. Intel did not immediately respond to a request from MarketWatch for comment. Intel’s stock, which slumped 2.2% in morning trade, has dropped 11% year to date, while VanEck Vectors Semiconductor ETF has gained 0.2% and the Dow Jones Industrial Average has lost 1.8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
While refinance volume and share are expected to diminish between this year and 2017, government share and purchases are predicted to rise.
The nation’s residential-lending volume, including refinances and purchase financing, is forecasted to finish the second quarter at $396 billion.
Mortgage originations are then expected to decline to $347 billion in the following quarter then fall further to $316 billion in the fourth quarter.
From:: Financing
Home prices rose yet again in April in every state and metro area. In fact, many places even hit new peaks, and it may not be slowing down anytime soon. …read more
From:: Real Estate Wire
The Dow Jones Industrial Average and S&P 500 index have fallen Monday below its widely-watched 200-day moving average in intraday trade for the first time in three months, to join all the other major market indexes below the key technical threshold. Many chart watchers view the 200-day MA as a dividing line between longer-term uptrends and downtrends. The Dow slumped 238 points to 17,162, below the 200-day MA at about 17,241, according to FactSet. The S&P 500 was shedding 1.5% to 2,007, below its 200-day MA of about 2,021. The Nasdaq Composite , Russell 2000 , NYSE Composite Index , Dow Jones Transportation Average and Dow Jones U.S. Total Stock Market Index were all below their respective 200-day MAs.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Shares of Twilio Inc. , a cloud communications company that went public Thursday, were up 2% Monday morning, bucking the overall stock market slump. The company saw a big pop in shares on its first day, up 90% from the issue price, and saw shares decline slightly Friday, closing at $26.30 compared to $28.79 the previous day, after news of the Brexit results. The S&P 500 was down 1.3% Monday. Other recent initial public offerings were on the uptick Monday, with shares of Global Water Resources up 0.5% and Avexis, Inc. up 2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Chipotle Mexican Grill Inc. said Monday that it will launch a summertime rewards program starting July 1. Chiptopia Summer Rewards will run through September and offer customers rewards based on the number of paid visits to Chipotle they make in a month. Credits are accumulated for one visit per day in which a minimum of $6 (before tax) is spent. Customers can achieve mild (four visits), medium (eight visits), or hot (11 visits) status and receive bonus rewards for frequent qualifying visits throughout the program. Purchase totals reset to zero at the end of each month. Diners who register in July and make a $6 minimum pre-tax purchase receive free chips and guacamole. “While Chiptopia Summer Rewards lasts just three months, we will be carefully listening to our customers and using what we learn as we consider the design of an ongoing rewards program,” said Mark Crumpacker, chief creative and development officer at Chipotle, in a statement. Chipotle shares are down 0.6% in Monday morning trading, and down 34.7% for the past year. The S&P 500 is down 4.2% for the last 12 months.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
U.S. stocks opened sharply lower Monday, as investors continued to dump assets perceived as risky in the wake of U.K.’s vote to leave the European Union. The selloff follows Friday’s carnage, when the market saw its sharpest selloff since last August after the U.K.’s decision to quit the E.U., known as Brexit. The S&P 500 opened 20 points, or 1%, at 2,016. The Dow Jones Industrial Average dropped 190 points, or 1.1%, to 17,209. Meanwhile, the Nasdaq Composite began the session down 50 points, or 1.1%, at 4,657.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Wendy’s Co. said Monday that it will enter the Brazil market through a joint venture with affiliates of Sao Paolo-based Infinity Services and Starboard, one of Wendy’s largest U.S. franchisees and a subsidiary of the fast-food company. Starboard operates 182 restaurants across nine states. Wendy’s Brazil will open its first two restaurants in Sao Paolo in July. Wendy’s shares are down 0.3% in premarket trading, and down nearly 15% for the past year. The S&P 500 is down 3.1% for the past 12 months.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News