June 27, 2024

Markets Now Thursday, June 27, 2024

The housing market is ‘stuck’ until at least 2026, Bank of America warns

Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices.
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Source: CNN Business

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Risk Rally Builds as Hormuz Reopens and Oil Breaks Lower

Markets extended April’s surge as easing Middle East supply fears reinforced an already strong risk-on backdrop driven by AI enthusiasm, resilient earnings, and expectations for additional Fed easing later this year.

Records Hold as Markets Look Through Middle East Risk

US equities eked out fresh records as investors looked past another wave of Middle East headlines and leaned into the view that the conflict may stay contained enough to avoid a deeper hit to growth, earnings, and energy flows.

Record highs as peace hopes and earnings revive risk appetite

US stocks pushed to fresh records on Wednesday as investors leaned into the view that Middle East tensions may be moving toward de-escalation and that early earnings results are reinforcing confidence in corporate resilience.

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Markets Now Thursday, June 27, 2024

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